The Central Bank of Nigeria (CBN) has directed all international money transfer operators (IMTOs) to open naira settlement accounts and ensure that all remittance transactions are...
Zenith Bank Plc has announced the appointment of Kennedy Okwudili as an Executive Director, with effect from May 1, 2026. The bank disclosed this in a...
The Central Bank of Nigeria (CBN) has been named Central Bank of the Year by Central Banking magazine, following reforms that helped restore stability to Nigeria’s...
The Dangote Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), raising it from ₦1,175 to ₦1,245 per litre, a ₦70...
The naira recorded a slight appreciation on Tuesday, strengthening to N1,403 per dollar in the parallel market, up from N1,408 per dollar on Monday. In the...
Nigeria’s inflation rate recorded a slight drop to 15.06 per cent in February 2026, down from 15.10 per cent in January, according to the latest data...
The naira recorded a slight gain on Friday, appreciating to N1,410 per dollar in the parallel market, an improvement from N1,418 per dollar traded on Thursday....
Crude oil prices have surged above $100 per barrel as the ongoing tensions involving Iran, the United States, and Israel continue to impact the Gulf region...
The Central Bank of Nigeria (CBN) has directed commercial banks to restrict loan defaulters, particularly large-ticket obligors, from accessing new credit facilities. A large-ticket obligor refers...
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol after the Dangote Refinery announced a cut in its gantry price. Very...