A view shows Nigeria’s Central Bank headquarters in Abuja, Nigeria November 22, 2020. Picture taken November 22, 2020. REUTERS/Afolabi Sotunde//File Photo ABUJA, May 20 (Reuters ...

The Central Bank of Nigeria has dismissed bankruptcy claims making the rounds on social media about a Nigerian bank, Fidelity. In a statement on Monday by the apex bank’s acting spokesperson ...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s interest rate at 27.50 per cent for the second time in 2025. The monetary policy rate has ...

The Supreme Court of Nigeria has upheld the rulings of both the High Court and the Court of Appeal in a protracted legal dispute between Fidelity Bank Plc and Sagecom Concepts Limited, an Ibadan ...

A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote ...

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) has launched the Non-Resident Bank Verification Number (NRBVN) platform. The innovative ...

Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu's government. Nigeria's gross ...

The World Bank says Nigeria’s economy is in good shape as it grew by 3.4 percent in 2024 amid high prices. Taimur Samad, the World Bank’s Acting Country Director for Nigeria, disclosed this in ...

The pace of growth in Nigeria needs to accelerate further to meet its $1 trillion economy aspiration and deliver poverty reduction and shared prosperity, the World Bank has said. The bank said the ...

The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025. The World Bank attributed the anticipated decline to the Central Bank of Nigeria’s tight monetary ...

The Federal Executive Council (FEC) on Monday approved Nigeria’s full membership of the Asian Infrastructure Investment Bank (AIIB) as a non-regional member, marking a significant milestone in ...

Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More ...