Business
Naira Appreciates Slightly Against Dollar as FX Reforms Sustain Currency Stability
The naira strengthened slightly against the dollar on the first trading day of July 2025, as Nigeria’s ongoing FX reforms
2 July 2025
CBN
Business
Afreximbank Disburses $18.7 Billion to Boost African Trade and Industrialization
Afreximbank disbursed $18.7 billion in 2024 to support African trade, with leaders at its 32nd AGM in Abuja urging stronger institutions
26 June 2025
Business
GTBank Begins N6.98 USSD Charges Via Airtime
GTBank has started charging the ₦6.98 USSD fee from customers’ airtime instead of their bank accounts, following NCC and CBN directives
18 June 2025
Business
Access, Zenith, First Bank May Halt Dividends Until 2028 — Report
Access Holdings, Zenith Bank, and First Bank may halt dividend payments until 2028, following a CBN directive aimed at strengthening capital
17 June 2025
Breaking News
Court Reveals Emefiele Earned Over N650 Million Annually as CBN Governor
Court of Appeal reverses final forfeiture of properties linked to ex-CBN Governor Godwin Emefiele, revealing he earned over N650 million yearly during his tenure.
16 June 2025
Business
CBN Launches NRBVN Platform to Boost Diaspora Banking
CBN and NIBSS launch the NRBVN platform, allowing Nigerians abroad to obtain BVNs remotely and boosting diaspora remittances
14 May 2025
Business
Zenith Bank Shareholders Says CBN Fines Caused Low Dividends Payout
Zenith Bank shareholders express frustration over CBN fines and rising taxes, warning that hefty penalties reduce dividends and strain investments.
5 May 2025
Business
Nigeria’s Gold Reserves Increase By N1.28 trillion In 2024
Central Bank of Nigeria reports N2.77 trillion in gold reserves for 2024, driven by global price surges, as external reserves hit new records
3 May 2025
Business
UBA to Raise ₦144.8 Billion For Capital Requirement And Global Expansion
UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.
27 April 2025
Business
Nigerian Banks Rake in N8.41 Trillion from Customer Loans in 2024
Nigerian banks generated N8.41 trillion from customer loans in 2024, marking a 106% increase driven by CBN’s tight monetary policy and higher lending rates.
25 April 2025
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