The Central Bank of Nigeria (CBN) has uncovered a new fraudulent scheme involving fake SWIFT messages and has warned Nigerians and the public to be cautious...
Experts are raising alarms as Nigeria’s currency, the Naira, continues to decline, with the exchange rate soaring to ₦1,740/$1 in the parallel market following weekend trading....
In July 2024, commercial and merchant banks closed 23.3 million customer accounts. This marks a 0.56% month-on-month increase from the 23.17 million accounts closed in June....
The naira experienced a significant decline against the dollar in the foreign exchange market following the Central Bank of Nigeria’s (CBN) fifth interest rate hike, raising...
The Economic and Financial Crimes Commission (EFCC) informed a federal high court in Lagos that no individual has come forward to claim the $2.045 million linked...
The Central Bank of Nigeria (CBN) has authorized the sale of $20,000 to each Bureau De Change (BDC) operator at an exchange rate of N1,580 per...
The naira fell against the dollar in both official and parallel foreign exchange markets, ending the week on a low note. FMDQ data revealed that the...
The Economic and Financial Crimes Commission (EFCC) has lodged a fresh charge at the High Court of the Federal Capital Territory against the former governor of...
The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5...