One of Nigeria’s largest banks, Zenith Bank, is set to increase staff salaries in January as galloping inflation continues to ...

The NESG on Thursday projected a notable appreciation of the naira to an average exchange rate of N1,300 to the US dollar in ...

Olayemi Cardoso, governor of the Central Bank of Nigeria, will have established a new Compliance Department within the apex bank.

Banks across the country have commenced the enforcement of the Central Bank of Nigeria’s (CBN) directive to limit Point-of-Sale (PoS) withdrawals to N100,000 per day and N500,000 per week for ...

The Nigerian stock market is poised for significant growth in 2025, with Arthur Steven Asset Management Limited (ASAM) projecting a 39 per cent return on the All-Share Index (ASI). According to the Ma ...

In line with CBN directives, please note that effective immediately, the daily withdrawal limit on PoS is now N100,000, while the weekly ...

The Central Bank of Nigeria has countered the World Bank's 3.7 per cent economic growth outlook for Nigeria, stating the ...

Nigeria’s foreign exchange reserves experience a sharp decline, falling by $832.62 million between January 6 and January 21, 2025, according to data from the Central Bank of Nigeria (CBN).

Nigeria's foreign exchange reserves have fallen sharply by $832 million in two weeks, raising concerns about currency stability.

There are indications that banks have begun the implementation of a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale terminals.