Nigeria’s foreign exchange reserves have crossed the $54bn (£41bn) mark for the first time since December 2008, reaching $54.08bn on 3 September. Figures...
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The Central Bank of Nigeria (CBN) has lowered borrowing costs on its flagship one-year Treasury bill for a second consecutive week, cutting the stop rate to 16...
The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59 per cent at Wednesday’s auction, defying market...
The self-proclaimed head of a disputed Nigerian government investment body has denied allegations that he single-handedly created the agency, claiming that...
Nigeria’s central bank opened dollar and pound accounts for a fictitious presidential council that operated inside the government for months, a...
Nigeria has launched a major regulatory overhaul of its digital economy, with President Bola Tinubu signing an executive order to clamp down on crypto fraud...
Nigerian billionaire and philanthropist Tony Elumelu is to step down as group chairman of United Bank for Africa (UBA) after reaching his regulatory limit. The...
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country after they failed to meet key regulatory...
By Segun Ojumu ABUJA, Nigeria—President Bola Tinubu has nominated Lamido Yuguda, a former head of Nigeria’s Securities and Exchange Commission (SEC), to serve...
Lagos, Nigeria — Nigeria’s Central Bank (CBN) released over $1.25 billion to oil sector players in the first three months of 2025 to fund the importation of...