The Nigeria Deposit Insurance Corporation of Nigeria (NDIC) disclosed that it will commence the sale of Heritage Bank's ...

Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August ...

The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December 4, 2024.In a ...

The forum was well-attended, with a selective group of participants from the Nigerian diaspora including industry leaders, ...

Amidst multiple points crises in the economy, the Governor of Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has said that he is committed to building a resilient apex bank that would address ...

Africhange, a leading cross-border remittance service provider, announced today that its Nigerian subsidiary, Currenzo, has secured the International Money Transfer Operator [IMTO] licence from the ...

HOUSTON, Oct. 19, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), major Nigerian banking institutions ...

This is where the CBN comes in. The Central Bank of Nigeria (CBN ) has the statutory function of issuing the naira and managing the circulation of the naira. It also manages the exchange of foreign ...

The emergence of Central Bank Digital Currencies (CBDCs) introduces transformative potential for international business, particularly by enhancing cross-border transaction efficiency, reducing costs, ...

HOUSTON, Oct. 31, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks, and International Money Transfer ...

The development came months after the Central Bank of Nigeria (CBN) revoked Heritage Bank Plc's license with immediate ...