The International Monetary Fund (IMF) has supported the decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the benchmark borrowing rates...
The Bank of Ghana has suspended two Nigerian-owned banks, First Bank of Nigeria and Guaranty Trust Bank, from foreign exchange (FX) trading over fraudulent documentation during...
Guaranty Trust Bank Plc (GTBank) has come under severe criticism from Nigerians over the alleged theft of N3.1 million from the account of one of its...
Banking customers are expected to enjoy three months of unlimited free transfers to all banks through PalmPay banking app, in its continued drive for financial inclusion...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that the $3.4 billion...
The House of Representatives Committee on Financial Crimes has summoned the CEO of Binance Holding Limited, Richard Teng, over alleged terrorism financing and money laundering. On...
The Central Bank of Nigeria (CBN) on Friday revoked the licences of 4,173 Bureau de Change operators over their failure to meet regulatory guidelines. Sidi Hakama,...
The Nigerian government is demanding at least $10 billion in compensation from Binance amid a crackdown on the crypto exchange platform in a desperate attempt to...
About 85.51 million bank customers may not be able to withdraw from their bank accounts by March 1, 2024, due to their inability to link their...
Presidential candidate of the Labour Party in 2023 general election, Peter Obi has warned against the recent hike in Monetary Policy Rate of the Monetary Policy...