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Business

CBN’s FX Market More Transparent, Difficult To Manipulate— Expert

A financial expert and the co-founder of Dairy Hills, Kelvin Emmanuel, has said that bankers made an attempt to lobby against Central Bank of...
Business

CBN Strengthens Regulatory Oversight To Safeguard Nigeria’s Financial System

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk...
Business

Unity Bank Projects Growth Despite Economic Challenges

Unity Bank Plc has said that it is navigating economic challenges with a positive outlook, as its key performance indicators show signs of recovery...
Business

Stanbic IBTC Blames 2024 Accounts Delay On CBN Approval

Stanbic IBTC Holdings Plc has announced a delay in the release of its 2024 full-year audited financial statements, attributing the postponement to ongoing regulatory...
Business

JUST IN: ‘Resign’—CBN’ Tells Directors With Excessive Insider-Related Credit

The Central Bank of Nigeria has ordered the directors of commercial banks that have taken loans above the approved regulatory limit under the Banking...
Business

BREAKING: Despite Drop In Inflation, CBN Holds Benchmark Lending Rate At 27.50%

The Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 27.50 per cent citing improvement in economic indices.The apex...
Business

Gap Between BDC, Official Rate Falls Below 1% As Sanity Returns To FX Market

The Central Bank Governor, Olayemi Cardoso has said that his foreign exchange reforms have restored sanity in the forex exchange market.The governor said the...
Business

Experts Split Over CBN’s Decision To Retain Benchmark Lending Rate At 27.5%

Economists have expressed mixed reactions on the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) decision to maintain all rates with the headline...
Business

Despite Lower Inflation Rate, Nigerians Still Struggling With High Cost Of Living-LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has responded to the latest inflation figures, cautioning that the sharp decline from 34.8 per cent...
Business

Publish Names Of Directors With Insider Loan Infraction, CBN Directs Bank

The Central Bank of Nigeria (CBN) has made it compulsory for commercial banks to publish the names of directors and other insiders who failed...
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