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CBN, Presidency unveil national framework to improve confidence in banks

Nigeria, June 3 -- The Central Bank of Nigeria and the Office of the Vice President have unveiled a draft of a framework aimed at rebuilding public confidence in the financial system and protecting ba... Read More


Kogi government announces payment of N98.8 billion debts

Nigeria, June 3 -- The Kogi State Government said it had cleared N98.8 billion in debts inherited from previous administrations, marking what officials described as a major step towards economic recov... Read More


ARCON to Investigate 9mobile over alleged N1 billion ad debt

Nigeria, May 31 -- Nigeria's advertising regulator has opened an investigation into 9mobile over an alleged N1 billion unpaid debt for advertising services, following two formal complaints from indust... Read More


FIRS denies owing ground rent, demands apology over office seal-off

Nigeria, May 27 -- The Federal Inland Revenue Service (FIRS) has denied claims that it owes ground rent on any of its Abuja properties and has demanded a public apology from the Federal Capital Territ... Read More


Chad honors Afreximbank President Oramah with top national award

Nigeria, May 20 -- President Idriss Deby of Chad has awarded Benedict Oramah, president of the African Export-Import Bank (Afreximbank), one of the country's highest national honours in recognition of... Read More


CBN holds benchmark interest rate at 27.5%

Nigeria, May 20 -- The Central Bank of Nigeria on Tuesday kept its key interest rate unchanged at 27.5 per cent. The decision, announced by CBN Governor Olayemi Cardoso at the end of a two-day Moneta... Read More


Nigerian banks remain safe, sound - CBN

Nigeria, May 20 -- The Central Bank of Nigeria (CBN) has assured the public that the country's banking sector remains stable, following what it described as misleading media and social media reports a... Read More


Access Bank faces charges over alleged diversion of N826 million

Nigeria, May 19 -- Access Bank Plc and one of its employees are enmeshed in legal troubles after a four-count charge was filed against them at the Federal High Court over alleged diversion of N825.9 m... Read More


Court dismisses MultiChoice suit against FCCPC over price hike investigation

Nigeria, May 9 -- The Federal High Court in Abuja has dismissed a lawsuit filed by MultiChoice Nigeria Limited, which sought to stop the Federal Competition and Consumer Protection Commission (FCCPC) ... Read More


INFOGRAPHICS: Charts that explain CBN's 2024 financial position

Nigeria, May 7 -- After recording a record loss of N1.27 trillion in 2023, the Central Bank of Nigeria (CBN) returned to profitability in 2024 with a surplus of N38.8 billion, newly released financial... Read More