Stanbic IBTC Bank has announced that it has hit the N200 billion recapitalisation target set by the Central Bank of Nigeria ...

Many banks are exploring talks about mergers in a bid to meet the recapitalisation target. Six banks are still left at the ...

The Central Bank of Nigeria has given lenders until the end of the week to submit plans to address capital shortfalls and ...

The clarification comes after online reports suggested that the central bank had introduced new or hidden fees for BVN registration.

Nigeria’s economic potential is vast—it is home to over 220 million people, a growing tech sector, abundant natural resources ...

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

The Central Bank of Nigeria has not announced new cash denominations of 5,000 ($3.12) and 10,000 ($6.25) naira, contrary to widely viewed Facebook posts sharing a fake statement posing as one from ...

Nigeria's central bank is concerned about the value of the naira and is making deliberate efforts to avert a further downward slide in the currency, it said on Friday. Skip to main content.

What The Central Bank Of Nigeria's Directive To Banks On Increasing Capital Bases Means For Businesses. ... but on the non-bank financial system, made up of pension funds, stockbrokers, ...

Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support ...

Suspended Nigerian Central Bank governor, Godwin Emefiele, made a public appearance in a Lagos court on Tuesday to face charges of illegal possession of a firearm and live ammunition.

Nigeria’s central bank chief has been arrested hours after being suspended from office by the country’s new president, authorities said Saturday. Godwin Emefiele, governor of the Central Bank ...