Finance & Banking

74 customers receive rewards from UBA

In adherence to its customary practice of acknowledging loyalty, particularly during the festive season, Africa's Global Bank, United Bank for Africa Plc, distributed over...

A vulnerability in the largest consumer bank in Nigeria has been brought to light

Haruna Oseni, a 32-year-old programmer (alias used for privacy), was surprised when he followed his friend's advice to open an account using his mother's...

Increased Competition for OPay, Kuda, Moniepoint, and Others Emerges with CBN’s Approval of a New Microfinance Bank

The Central Bank of Nigeria (CBN) has officially granted a state license to Alert Microfinance Bank, empowering it to expand and innovate to better...

The Central Bank of Nigeria (CBN) has declared a temporary halt to accepting new loan applications within its intervention program

In a communication titled "Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN Development Finance Intervention Programme," directed to...

The amount of currency in circulation surpasses the level before the naira redesign, reaching N3.4 trillion in December- CBN

The Central Bank of Nigeria (CBN) has revealed that the currency in circulation (CIC) has surged to a new annual peak of N3.4 trillion...

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