Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still ...

Fitch Ratings has said Nigerian banks are making progress in recapitalisation, ensuring compliance with CBN’s 2026 deadline and supporting business growth.

The Naira recorded its first appreciation against the Dollar at the parallel foreign exchange market since the commencement ...

The federal government has officially taken full ownership of Keystone Bank Limited after the Lagos state special offences court approved the forfeiture of shares previously held by its former ...

The Central Bank of Nigeria has approved the Nigeria Foreign Exchange (FX) Code, which is designed to promote ethical conduct ...

ShareThe newly elected Chairman of the Organised Private Sector of Nigeria (OPSN), Dele Kelvin Oye, has said that government’s plans to impose more taxes and sanctions on companies in Nigeria will not ...

The Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,560 per dollar on Tuesday.

Fitch Ratings has said tier-3 banks in Nigeria are more likely to resort to mergers and acquisitions or downgrade their licences as they struggle to meet the Central Bank of Nigeria’s new paid-in ...

Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) has confirmed that the plan for the commencement of ...

Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely ...

IHS Holding's stock has risen 28% since my last article, arguably due to a more stable currency and more US dollar ...

Since assuming office in September 2023, Governor Olayemi Cardoso has implemented several bold monetary policy reforms aimed ...