The Financial Reporting Council (FRC) of Nigeria clarifies that the Country has not yet reached a state of hyperinflation, ...

Of Kenya’s banks that do not meet the new minimum capital requirements, less than a handful can credibly plan to raise the ...

In November 2024, the SEC announced that banks raised N1.7 trillion from the capital market in their efforts to meet the ...

Recently, the National Bureau of Statistics indicated that it would release the results of the newly rebased GDP and CP1 by ...

BY EMEKA ANYASI The rebasing of Nigeria’s Gross Domestic Product (GDP) stands as a pivotal statistical exercise, ...

The Central Bank of Nigeria (CBN) will officially launch the Nigerian Foreign Exchange (FX) Code on Tuesday, January 28, 2025 ...

Wema Bank has announced plans to raise an additional N200bn in its final tranche of the recapitalisation exercise.

The Financial Reporting Council of Nigeria (“FRC” or “the Council”) is a Federal Government regulatory agency established by the Financial ...

The Central Bank of Nigeria (CBN) approves the Nigerian Foreign Exchange (FX) Code, a regulatory framework aimed at promoting ...

Nigerian banks have re-kickstarted the sale of foreign exchange for Personal Travel Allowance and Business Travel (BTA) to ...

ShareThe heavy N1.35 billion fine the Central Bank of Nigeria’s (CBN) slammed on nine deposit money banks (DMBs) last week for failing to dispense cash via their Automated Teller Machines (ATMs) ...

ShareNigeria’s large fiscal deficits, rising debt burden and high inflation rate pose a significant threat to exchange rate stability and could undermine the benefits of the Central Bank of Nigeria’s ...