Reps to Question CBN, Banks over Arbitrary Charges The House of Representatives on Tuesday resolved to probe what it described as the “arbitrary, excessive, and unexplained” charges drawn from customers’ accounts by money deposit banks operating in the country. The resolution of the House was a...

Banks’ deposit with the Central Bank of Nigeria, CBN, grew by 568.7 percent, YoY, to N146.13 trillion in the first nine months of the year (9m’25).

Naira Holds Firm in Black Market, Slides at Official Window on Oct 13 The naira maintained stability against the U.S. dollar on Monday, October 13, in the parallel market but weakened slightly at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential...

Nigeria’s economy maintained upward momentum in September 2025, as the Purchasing Managers’ Index (PMI) rose to 54.0 points from 51.7 points in August, marking the tenth consecutive month of expansion.

Nigerians, Listen to NDIC By Salisu Na'inna Dambatta Many Nigerians have been painfully swindled of millions of their hard-earned money through various scams. Consequently, some victims of scams commit suicide, others denied prosperity and many are left in unpayable debts. Internet scammers have stolen money from people;...

‎The Central Bank of Nigeria’s latest directives on agent banking and Point of Sale (POS) operations mark a watershed moment in the evolution of Nigeria’s financial system.