CBN
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Economy
CBN sells Dollar to legible BDC operators at N1580 rate
The Central Bank of Nigeria has approved the sale of 20,000 Dollar each to legible Bureau De Change operators at…
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Business
Zenith Bank’s half-year profit doubles to N578 billion
Zenith Bank reported roughly twice the net profit it earned in the first half of last year in the same period…
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Court/Litigation
CBN gov, others summoned over detained Binance executive
A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of…
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Business
Five banks budget $1.20bn for cybersecurity
Financial institutions that have started raising capital have stated that they will allocate $1.20bn from the proceeds to invest in…
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Economy
CBN declares highest remittance inflow of $553m in July
The Central Bank of Nigeria has announced a significant increase in remittance inflows, reaching $553m in July 2024. It said…
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Economy
Naira appreciates to N1,585/$ in parallel market
The Naira yesterday appreciated to N1, 585 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly,…
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Court/Litigation
Court orders forfeiture of Emefiele’s $2.4m, Lagos, Delta assets
The Federal High Court in Lagos, on Thursday, ordered the interim forfeiture of $2.04m and seven properties connected to former…
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Economy
Non-Performing Loans in Nigeria’s banks drop to 3.9% in June – CBN
The Nigerian banks’ Non-Performing Loans NPLs (Bad Loans) fell to 3.9 percent in June 2024 compared with 4.8 percent in…
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Business
Heritage Bank: NDIC reimburses 82.36% of customers, commences debt recovery
The Nigeria Deposit Insurance Corporation (NDIC) said it has reimbursed 82.36 per cent of the customers of the defunct Heritage…
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Economy
CBN sells $815.36m to end users via 26 banks at N1495 per dollar
The Central Bank of Nigeria sold $815.36 million to end users through 26 banks in its inaugural Retail Dutch Auction…
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