A failed attempt to trigger a run on banks
Fidelity Bank's 2023 Profit Before Tax grew by 131.5%, driven by robust earnings and strategic growth initiatives, ensuring strong shareholder ...
Tag: CBN
Wema Bank concludes 1st tranche of capital raise programme
Wema Bank ALAT has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for ...
Monetary policy tightening by CBN may not control Nigeria’s inflation – World Bank
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in ...
Naira strengthens below N1,500/$ bandwidth amid U.S interest rate decision
The naira posted some gains against the greenback as the dollar index moderated significantly while market players awaited America's inflation ...
Nigeria’s foreign debt service costs surge by 96% to $2.19 billion by May 2024
Nigeria has seen a significant surge in its foreign debt servicing costs, with an increase of 96% year-on-year, according to ...
Nigeria’s money supply rebounds to historic N96.97 trillion in April 2024, defying MPC’s tightening measures
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery ...
EEDC to disconnect Government Houses, CBN offices, others in Southeast over N180 billion debt
The Enugu Electricity Distribution Company (EEDC) has issued a disconnection notice to government establishments like Government Houses, the Central Bank ...
Naira hits three-week low at N1,488.60/$1 on official market
The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024.
EFCC secures another forfeiture order against Emefiele’s ‘N11 billion properties’ in Abuja
The EFCC has secured another interim forfeiture against properties linked to Emefiele.
Heritage Bank: NDIC to begin payment to 2.3 million depositors this week
The Nigeria Deposit Insurance Commission (NDIC) says it will begin payment to 2.3 million depositors of the Heritage bank this ...
