Wema Bank has seen its income from foreign exchange revaluation increase to N14.53bn at the end of 2024 from N13.60bn in 2023 ...

Nigerian banks have warned their customers to beware of the rise of fake bank alerts and take extra measures to confirm ...

In the first 17 days of January 2025, Nigerian commercial and merchant banks took out a sizable loan of N8.2 trillion from the Central Bank of Nigeria (CBN). This substantial borrowing highlights the ...

Zenith Bank Plc has revealed that it raised N350.4bn from its combined rights issue and public offer thus exceeding the ...

Nigerian banks and the federal government, through the Federal Inland Revenue Service, have been enmeshed in disagreement over how much should be paid in a one-off foreign exchange windfall tax ...

The Nigerian Communications Commission and telecommunications companies have ruled out a deadline extension after Nigerian banks’ disconnection notice from Unstructured Supplementary Service ...

But not deterred by the state of the economy, the Executive, deploying its targeted fiscal policy initiatives in sync with the monetary policies of the Central Bank of Nigeria (CBN), has its eye ...

Founded in 2020, Elvis Tech is a Nigerian-owned renewable energy enterprise dedicated to innovation and sustainability. From ...

As Trump pushes for similar changes again, Nigeria’s banking sector may face heightened risks, potentially curbing foreign direct investment (FDI) and disrupting key industries that banks depend on.

High interest rate spread in Nigerian banks could potentially drag the country’s economy by 20 to 30 percent, adding more pains to businesses and households whose spending power has been hammered, ...

Nigerian banks saw loan default rates skyrocket in the last quarter of 2024, a CBN survey has shown This, analysts believe is a result of the high interest rate and harsh macroeconomic conditions in ...