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CBN makes profit in 2024 after N1.2 trillion loss in 2023

Nigeria, May 4 -- The Central Bank of Nigeria returned to profit in 2024, posting a surplus of N38.8 billion after recording a massive loss of N1.15 trillion the year before, its new financial stateme... Read More


GTB to begin charging N6 per SMS alert, up from N4

Nigeria, April 30 -- Guaranty Trust Bank will from 1 May begin charging N6 for each SMS transaction alert, up from the current N4, marking a 50 per cent increase in the fee. In a Wednesday notice to ... Read More


CBN eases paperwork for pan-African payment system

Nigeria, April 29 -- The Central Bank of Nigeria (CBN) on Monday eased documentation requirements for low-value transactions under the Pan-African Payment and Settlement System, aiming to boost cross-... Read More


Access Bank reacts as ex-worker is arrested for serial recording of colleagues in restroom

Nigeria, April 28 -- Access Bank said it is cooperating with authorities after a former employee was accused of secretly recording colleagues in a restroom at the bank's contact centre in Lagos. The ... Read More


UBA targets expansion to 100 countries, one billion customer base

Nigeria, April 28 -- United Bank for Africa (UBA) aims to extend its operations to over 100 countries and serve one billion customers within the next 75 years, the bank's CEO, Oliver Alawuba, said on ... Read More


UBA eyes early recapitalisation as 2024 profit hits N767 billion

Nigeria, April 26 -- United Bank for Africa (UBA) says it will meet the Central Bank of Nigeria's (CBN) new capital requirement of N500 billion by the third quarter of 2025, well ahead of the March 20... Read More


GTCO appoints Barau as incoming chair, as profit hits N1.27 trillion

Nigeria, April 25 -- Guaranty Trust Holding Company Plc (GTCO) has appointed Suleiman Barau, a former deputy governor of the Central Bank of Nigeria (CBN)as its new group chairman, following sharehold... Read More


Bagudu speaks on composition, roles of Tinubu's census committee amid criticisms

Nigeria, April 23 -- Minister of Budget and Economic Planning Abubakar Bagudu has said the newly formed Presidential Committee on Population and Housing Census is a technical advisory body focused on ... Read More


NSIA to exit fertiliser scheme after growing blending plants

Nigeria, April 18 -- The Nigeria Sovereign Investment Authority (NSIA) has announced it will exit the Presidential Fertiliser Initiative (PFI) this year, following an eight-year intervention that grew... Read More


FCCPC raids Abuja market, seals shops over fake foreign rice brands

Nigeria, April 16 -- Officials of the Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday raided several shops in Utako Market, Abuja, sealing stores allegedly engaged in rebaggi... Read More