Banking Index, Others Drive NGX Forward

Due to investor interest in Guaranty Trust Holding Company (GTCO), Zenith Bank, and 32 other stocks, the Nigerian stock market continued its upward trend...

CBN Set To Probe MfBs For Not Presenting Monthly Returns

All microfinance banks (MfBs) have been encouraged by the Central Bank of Nigeria (CBN) to make sure that their FinA applications are used to...

CBN Pushes Forex Inflow As Remittances Quadruple To $1.3bn

The inflow of foreign cash into the Nigerian economy increased significantly in February, according to the Central Bank of Nigeria (CBN).This was said in...

Latest Cyber Attack Trends Nigeria’s Banking Sector Should Be Aware Of In 2024

As 2024 unfolds, a chilling reality casts a long shadow over Nigeria's vibrant banking sector – the ever-escalating threat of cyberattacks. The past year...

CBN Issues Warning to Mortgage Banks Over Regulatory Returns

In a recent press release dated March 5th, the Central Bank of Nigeria (CBN) has sent a stern warning to all primary mortgage banks...

Nigerian Treasury Bills Yield Surpasses 17%

Before Wednesday's main market auction, the average yield on Nigerian Treasury bills increased to 17.2%, according to dealers' notes. After several spot rate repricings,...

Tier-1 Banks Value Peaks At N4.88Trn Ahead Of Earnings

Evaluation: Ahead of the announcement of some of the largest lenders in the economy's fourth quarter 2023 profits, the combined market value of Nigeria's...

CBN Pushes Aggressive For Increase On Interest Rate In H1

According to analysts' most recent assessment, the monetary authority's aggressive interest rate adjustment will result in a total increase of 7.5% in the first...

CBN Suspends 4,173 BDCs Licenses Over Regulatory Breaches

Nigeria's central bank (CBN) has banned 4173 bureau de change firms from functioning in the nation owing to regulatory infractions in an effort to...

Cyber Attacks: Is Nigeria’s Banking Sector Prepared For The Big One?

Lagos, the heart of Nigeria, thrumming with the energy of a tech and finance revolution, seems invincible on the surface. Glittering skyscrapers pierce the...

CBN Gives $20,000 For BDCs To Supply Demands

As part of its ongoing reforms, the Central Bank of Nigeria (CBN) has approved the distribution of $20,000 to every qualifying Bureau De Change...

CBN Fixes $400m FX Backlog, Says Naira Grossly Undervalue

As part of its efforts to clear the remaining foreign exchange backlog to banks, the Central Bank of Nigeria (CBN) announced that it has...

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