Business
ECOWAS Moves Closer to Introducing Eco Single Currency by 2027
ECOWAS is set to introduce the Eco single currency by 2027 to boost economic integration and financial stability across West Africa.
4 March 2025
CBN
Business
CBN Urges Banks to Tackle Money Laundering
Central Bank of Nigeria (CBN) has urged financial institutions to adopt risk-based compliance frameworks to combat money laundering
3 March 2025
Breaking News
Naira Gains 8.5% in February as CBN Intensifies Efforts to Stabilise Currency
The Naira gained 8.5% on the parallel market in February 2025, closing at ₦1,490/$ as the CBN’s forex interventions bolstered the currency
3 March 2025
Business
CBN’s Open Market Operations Sales Surge by 1,773% to N11.8 Trillion
The Central Bank of Nigeria (CBN) increased Open Market Operations (OMO) sales by 1,773% in 2024 to N11.8 trillion, aiming to curb inflation
27 February 2025
Business
Fidelity Bank Plc Nears CBN Recapitalization Goal Amid Deadline
Fidelity Bank Plc is on track to meet the CBN’s 2025 recapitalization deadline, with its oversubscribed fundraising campaign strengthening investor confidence.
24 February 2025
Business
CBN Targets Single-Digit Inflation as MPC Maintains Interest Rate at 27.5%
CBN inflation control strategy aims to bring inflation rate down to a single-digit level as CBN Governor reaffirmed the MPC meeting decision
21 February 2025
Business
Nigeria’s Treasury Bills Attract N2.41 Trillion in Subscription in Recent Offering
Nigeria’s February 19 Treasury Bills auction attracts N2.41 trillion in subscriptions, indicating an unshaken investor confidence.
20 February 2025
Business
CBN Mandates Banks to Publish Dormant Accounts and Unclaimed Balances Online
CBN has issued a directive requiring banks and financial institutions to publish dormant accounts and unclaimed balances on their websites.
19 February 2025
Breaking News
Nigeria’s Inflation Rate Drops to 24.48% in January 2025
Nigeria’s inflation rate drops to 24.48% in January 2025, down from 34.80% in December 2024, following the rebasing of the Consumer Price Index (CPI)
19 February 2025
Business
CBN Governor Olayemi Cardoso Reaffirms Digitalization for Financial Inclusion
CBN Governor Olayemi Cardoso emphasizes Nigeria’s commitment to digital financial inclusion, highlighting mobile money services
18 February 2025
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