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CBN’s Tightening Measures Show Results in Lower Inflation

Nigeria’s month-on-month headline inflation rate slowed for the third consecutive time in May 2024, highlighting the effectiveness of the Central Bank of Nigeria’s (CBN)...

FCMB Secures $15 Million ITFC Deal To Power Nigeria’s Trade And Economic Growth

First City Monument Bank (FCMB) Plc, a prominent financial service holding company, has announced its successful acquisition of a $15 million trade financing facility...

CBN Reassures Public About Safety of Their Bank Deposits

Following recent concerns about the stability of Nigerian banks following Heritage Bank Plc's license revocation, the Central Bank of Nigeria (CBN) has moved to...

Indebtedness: EEDC to shut down CBN, High Court, NDLEA, Others

The Enugu Electricity Distribution Company PLC (EEDC) has informed its customers in South East Nigeria with outstanding electricity bills that starting from June 10,...

FinTech Resume Customer Onboarding As Central Bank Lifts Six-Week Ban

The Central Bank of Nigeria (CBN) has lifted its six-week suspension on onboarding new customers for five leading fintech companies: Paga, OPay, Kuda, Palmpay,...

CBN Denies Revocation Allegation Amidst Bank License Controversy

In the wake of Heritage Bank's license revocation, which led to the closure of all its branches nationwide, rumors have surfaced regarding the potential...

Restructuring: CBN downsizes 200 staff across department

The Central Bank of Nigeria (CBN) recently downsized over 200 of its workers from different parts of the bank in a big reshuffle. The downsize...

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