CBN Cautions Banks Against Use of Stale Circulars The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of superseded circulars and guidelines within the banking sector, urging adherence to...

Nigeria's Economy to Grow by 2.5% in 2024, EIU Forecasts The Economist Intelligence Unit (EIU) at the weekend revised Nigeria’s 2024 economic growth forecast figures from 2.2 per cent to 2.5 per cent on the back of the country’s rising crude oil output. In its latest...

N22tn Printed Notes Under Buhari Fueled Inflation, Says Edun The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government from 2015 to 2023, under...

CBN Directs Mortgage Banks to Submit Returns, Threatens Sanction  The Central Bank of Nigeria has warned all primary mortgage banks in the country regarding the timely submission of regulatory returns. This was as it also issued a stern warning to Development Finance Institutions and Microfinance Banks. In...

Binance Announces Exit from Nigeria, Ends Services in Naira   Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira balances to USDT from March 8 at 8:00 a.m. UTC but...

Cardoso: Old Headmaster, New Taskmaster, by Abdulrahman Abdulraheem   The word 'Headmaster' has a reputation in Nigeria for being associated with a stern, tough, extremely disciplined, uncompromising and no-nonsense individual who people find difficult to break or bend and who will always insist on the right...