The Central Bank of Nigeria (CBN) has rolled out a comprehensive order requiring commercial banks and financial entities to reimburse clients for unsuccessful ATM withdrawals within...
The Nigerian power sector experienced fresh difficulties during Q2 2025, with both electricity production and consumption dropping by more than five percent. During this period, distribution...
The Central Bank of Nigeria (CBN) has imposed a daily cash withdrawal ceiling of N1.2 million for Point of Sale (POS) agents and N100,000 for individual...
The shareholders and boards of Providus Bank and Unity Bank have given their consent for the two institutions to merge, a decision finalized during a court-mandated...
Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), announced that 14 Nigerian banks have successfully met the new capital requirements set during the ongoing...
The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) by 50 basis points, reducing it from 27.5% to 27%. CBN Governor, Mr....
Nigeria’s headline inflation rate continued its downward trend for the fifth straight month, falling to 20.12% in August 2025 from 21.88% in July 2025, as reported...
