Senate Warns Unchecked Fintech Expansion Risks Economic Stability
ABUJA, Nigeria — The Senate has warned that Nigeria’s rapidly expanding digital finance ecosystem poses growing systemic risks to the economy due to weak…
Topic
CBN
CBN Announces Major Reforms to Nigeria’s Cash Policy
ABUJA, Nigeria – The Central Bank of Nigeria introduces sweeping reforms to its cash management policy, removing deposit limits and raising withdrawal ceilings to…
Foreign Investment Surges as Nigeria Records $20.98bn Inflows – Cardoso
LAGOS, Nigeria – Foreign capital inflows into Nigeria surged to $20.98 billion in the first ten months of 2025, signalling renewed investor confidence driven…
Just In: CBN Holds 27% Rate, Extends Tough Fight Against Inflation
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) has kept its Monetary Policy Rate (MPR) at 27%, reinforcing its toughest stance yet against…
Yeltide: CBN Warns Nigerians to Stop Mutilating Naira
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) issues a fresh warning against the wrongful handling and abuse of Naira notes ahead of…
Naira Records Strongest Gain Since December 2024 as Dollar Inflows Boost Liquidity
ABUJA, Nigeria – The naira posted its strongest weekly gain since December 2024, appreciating across both the official and parallel foreign exchange markets on…
CBN Urges Nigerians to Respect Naira, Launches Clean Notes Drive
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean naira notes while urging Nigerians…
NDIC Warns Nigerians Against Ponzi Schemes, Urges Bank Vigilance
ABUJA, Nigeria – The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians to avoid fraudulent investment schemes and Ponzi operations, stressing that only deposits…
CBN Warns Naira Abusers Face Fines, Jail for Misconduct
ABUJA, Nigeria – The Central Bank of Nigeria has renewed warnings against naira abuse, cautioning offenders they face fines or jail terms under the…