Nigeria’s foreign reserves fell by $2.202 billion to $38.318 billion at the end of September from $40.520 billion as of December 31, 2021. Despite rising oil prices this year, Nigeria’s foreign...

The Naira remains Nigeria’s foremost currency and is a legal tender duly approved by  Government for use by citizens to transact official and private driven businesses in the country. Naira...

The Federal Inland Revenue Service (FIRS) says its role is purely the collection of revenue for government and not keeping records of how the monies are expended. While responding to queries by...

A Bill for an act to strengthen conditions for the appointments of the Governor of Central Bank of Nigeria (CBN), his Deputy and other Directors of the Bank has passed the second reading at the House...

President Muhammadu Buhari has called on executives of banking institutions...

President Muhammadu Buhari has approved the reconstitution of the Board of the Federal Mortgage Bank of Nigeria. Senior Special Assistant to the President on Media and Publicity Mallam Garba Shehu...

House of Representatives is to make legislation aimed at expanding the scope of Bankers Employees Acts to check the excesses of financial institutions in Nigeria. The Chairman House Committee on...

At the just concluded Annual General Meeting (AGM) of the New Nigeria Development Company Limited (NNDC) for the financial year ended 31st March 2021, shareholders have approved the distribution of...

The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from...

Out of the eight hundred and seventy six micro finance banks in Nigeria about five hundred and and twenty may not cope with the Central Bank of Nigeria CBN recapitalisation exercise. Niger state...