The Central Bank of Nigeria has issued a new directive requiring all international money transfers to be settled in naira through authorized local banks, affecting operators like Western Union and MoneyGram.
Access Holdings Plc's Chairman, Aigboje Aig-Imoukhuede, met with Cameroon's Prime Minister to enhance economic cooperation, focusing on public finance, infrastructure, and sustainable growth.
First City Monument Bank (FCMB) successfully limited exposure in a sophisticated fraud attempt targeting over ₦3 billion, with only ₦677 million reaching culprits. Recovery efforts and prosecutions are ongoing, highlighting improved bank responses to cybe
Policy analyst Jamiu Idris argues that retaining Tantita Security Services, led by Tompolo, is crucial for sustaining Nigeria's oil production rebound and preventing renewed vandalism in the Niger Delta.
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The Niger Delta Stakeholders Forum calls on President Tinubu to decentralize pipeline surveillance contracts, warning that exclusion could spark protests and threaten economic stability.
Austen Osokpor, Head of Marketing and Corporate Communications at Ecobank Nigeria, has been honored as Media Manager of the Year at the Champion Newspapers' 2025 Awards, recognizing his exceptional contributions to media and strategic communication.
The Ijaw Youth Council warns against attempts to disrupt Tantita Security Services' progress in combating oil theft and pipeline vandalism, urging unity and support for sustained gains in Niger Delta security.
The Presidency has launched registration for a free nationwide programme to train 10 million Nigerians in financial literacy, digital skills, and entrepreneurship, with Vice President Shettima hailing it as a potential global model for economic inclusion.
The Association of Bureau De Change Operators of Nigeria praises the Central Bank's directive requiring IMTOs to process remittances in naira, citing improved transparency and market efficiency.
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The Central Bank of Nigeria announces 32 banks have met new capital requirements ahead of the March 2026 deadline, with N4.61 trillion raised including foreign investments, boosting sector resilience.
The Central Bank of Nigeria has implemented strict measures against large-ticket loan defaulters, barring them from banking services to enforce credit discipline and protect the financial system's stability.
Stanbic IBTC Holdings has opened applications for its intensive Digital Graduate Trainee Programme, targeting young Nigerians with IT backgrounds. Applicants must meet specific academic requirements and technical skills, with applications closing on April
A Nigerian graduate shares her miraculous job hunt story, securing a banking role immediately after NYSC without a prepared CV, attributing her success to faith and a timely connection.
The Nigerian naira appreciated against major currencies in official and parallel markets after the Central Bank issued a new directive on diaspora remittance flows. However, concerns remain as foreign reserves continue to decline.
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CardinalStone Partners Limited has been recognized at the DealMakers Africa Awards, winning Financial Adviser by Transaction Flow (Equity) and placing third in Transaction Value (Equity), highlighting its leadership in African financial advisory services.
CBN Governor Yemi Cardoso announces reduction in Ways and Means advances to N2.84 trillion, while contractors negotiate N150 billion debt with the Federal Government.
The Central Bank of Nigeria has removed cash pooling requirements for international oil companies, allowing them unrestricted access to repatriated export proceeds to boost FX market liquidity and stability.
Oceangate Engineering Oil & Gas Limited announces plans to appeal a Federal High Court civil asset forfeiture ruling, emphasizing no wrongdoing found and reaffirming commitment to Nigeria's energy sector.
Nigeria's external reserves have declined to $49.57 billion as capital outflows intensify due to Middle East tensions, putting pressure on the naira and current account surplus.
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The Central Bank of Nigeria has approved full repatriation of export proceeds for International Oil Companies, replacing a 2024 rule that limited access to 50% of earnings. This policy aims to boost market liquidity and attract investment.
A Nigerian woman, Maria-Goretti Jiwuaku, has raised an alarm on social media after unexpected debits from her bank accounts for a COVID-19 loan she received years ago, believing it was a grant.
The Central Bank of Nigeria has responded to a Federal High Court ruling, confirming Union Bank's operational and financial stability remains unchanged while reviewing the judgment.
The Central Bank of Nigeria directs international money transfer operators to route remittances through naira settlement accounts and use real-time exchange rates, effective May 1, 2026.
Surveillance contractors face strict warnings against negligence and collusion after a foiled oil theft attempt in Rivers State. The incident highlights ongoing security challenges and calls for transparency in oil divestment processes in the Niger Delta
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The Central Bank of Nigeria asserts Union Bank's status is unchanged despite a Federal High Court ruling invalidating its takeover, promising regulatory oversight and a review of the judgment.
The Federal Government has inaugurated the PenCom Board, emphasizing the need for strong corporate governance to protect over N28 trillion in pension assets and ensure transparency for millions of contributors.
CBN Governor Olayemi Cardoso announces Nigerian banks raised N4.61 trillion in fresh capital, with 27% from foreign investors, during the recapitalisation programme. He warns of cross-border risks and emphasizes regulatory collaboration.
World Bank Country Director Matthew Verghis states that the success of Nigeria's banking recapitalisation hinges on channelling raised funds into productive investments like MSMEs and infrastructure to achieve tangible economic growth.
Nigeria's banking system is grappling with a surge in digital fraud, with billions lost through unauthorized access, insider collusion, and sophisticated cyberattacks, threatening financial stability and consumer trust.
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A Federal High Court in Lagos has ruled that the Central Bank of Nigeria exceeded its powers by dissolving Union Bank's board in 2024, ordering immediate reinstatement and addressing recapitalisation issues.
