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Updated: At eNaira launch in Abuja, Buhari says Nigeria’s GDP can increase by $29b

President Muhammadu Buhari has officially launched the eNaira platform and says the adoption of the Central Bank Digital Currency (CBDC) and its underlying...

CBN freezes account of Fintechs, companies assure of funds safety

The Central Bank of Nigeria (CBN) has secured an Abuja federal high court ruling to freeze the accounts of six fintech companies for 180...

Court orders CBN, four others to pay N5.5b judgment debt before Sept 1 over Customs’ unlawful rice seizures

The Central Bank of Nigeria (CBN) appears to be in fresh trouble as a Federal High Court in Abuja has ordered it and four...

BDCs in trouble as CBN stops sale of forex to them, commercial banks take over

The Central Bank of Nigeria (CBN) says it will no longer sell fores to Bureau De Change operators in Nigeria because they are involved...

How Honeywell, Otudeko put First Bank in trouble with CBN, receives query over changes

The internal wrangling that led to management changes in Nigeria's premier bank, First Bank Plc, is unravelling, showing that a loan to Honeywell Flour...

Nigeria printing money: The road to Zimbabwe & way out + Video

By Nick AguleWithin the last week a war of words has ensued over the management of the Nigerian economy with Gov Obaseki of Edo...

Customers swell Zenith, GTBank, UBA revenue by N42.95bn from account maintenance fees

Leading banks in the country, Zenith Bank Plc, Guaranty Trust Bank plc (GTBank) and United Bank of Africa (UBA) Plc altogether earned a total...

$25bn CBN overdraft: SERAP writes Buhari, seeks spending details of overdrafts since 1999

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “provide spending details of the overdrafts and loans obtained from the Central...

With one trillion Naira, Nigeria kicks off Infraco for infrastructure development

President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company (Infra-Co) with an initial seed capital of N1 Trillion. It...

Court Orders CBN to Defreeze 20 #EndSARS Protesters’ Bank Accounts

By Yemi Oyeyemi, AbujaA Federal High Court, Abuja on Wednesday ordered the Central Bank of Nigeria (CBN) to immediately defreeze 20 bank accounts linked...

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