Bank customers in Umuahia Abia State capital have reacted to the recent sanctions slammed on nine Deposit Money Banks by the Central Bank of Nigeria, CBN, describing the sanctions as appropriate.

Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ...

In order to sanitise and beautify the state capital, the Abia State government, through the Umuahia Capital Development Authority, has given landlords and property owners in Umuahia, the state capital ...

IN a bid to manage liquidity and ensure monetary stability, the Central Bank of Nigeria (CBN) significantly ramped up its Open Market Operations (OMO) in 2024. The apex bank absorbed an unprecedented ...

Nigeria, Africa’s most populous country, introduced a central bank digital currency (CBDC), the eNaira, into its financial system in late 2021, an action that paved the way for different sets of ...

The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against the dollar at the black market. The apex bank disclosed this in a ...

BOI’s ability to raise funds in the international debt markets has, to a large extent, been supported by both its strong ratings and support from both the Central Bank of Nigeria and the Federal ...

Nigeria's bank bailout will not push its fiscal deficit above three percent of GDP and all of the rescued banks will survive in one form or another, Central Bank Governor Lamido Sanusi said on ...