The performance of Nigerian banks in the second half of the year is projected to largely depend on the progress they make in the recapitalisation process and their ability to maintain dividend ...

Fact Check: Nigeria’s central bank did not announce new 5,000- and 10,000-naira notes The Central Bank of Nigeria has not announced new cash denominations of 5,000 ($3.12) and 10,000 ($6.25 ...

Since assuming office in May 2023, President Bola Tinubu has travelled to over 30 countries in a bid to attract foreign direct investment (FDI) to Nigeria. His administration claims these diplomatic ...

The Central Bank of Nigeria (CBN) had to publicly insist that its eNaira project — one of the world’s first operating central bank digital currencies (CBDC) — doesn’t threaten the country ...

Nigeria has been trying to broaden acceptance of the central bank digital currency (CBDC) since its launch in 2021. The number of eNaira wallets increased more than 12-fold between October 2022 ...