This write up is essentially a lamentation on how banking values and principles have changed for the worse since the entry of new generation banks to the industry in the late 1980s and early 1990s, when the regime of General Ibrahim Babangida liberalised banking business.

Despite the Central Bank of Nigeria's prohibition in February 2021 on banks and financial institutions facilitating cryptocurrency transactions, the swift adoption of cryptocurrencies in Nigeria has presented both opportunities and challenges. While digital currencies can enhance financial inclusion, spur economic innovation, and improve remittance processes, their pseudo-anonymity and decentralized nature have rendered them susceptible to…

The Wuse Zone 4 FX Traders Association is set to inaugurate a parallel FX market forum and its leadership in Abuja. The launch of the association is slated for January 15, 2025 at the Shehu Musa Yar’Adua Centre in the Nigerian capital. Key events for the day include the inauguration of newly elected executive council…

The Central Bank of Nigeria (CBN) has violated the provisions of the CBN Act by withholding its annual reports. When The Guardian reviewed the CBN website on Monday morning, it was discovered that the apex bank had published financial documents for only eight years between 2000 and 2016. Financial statements for 2002, 2003, 2004, 2005,…

Lagos Special Offences Court, Ikeja, has fixed January 7, 2025, to rule on an application filed by the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, challenging the court’s jurisdiction over his case.

More than a year after the Supreme Court ruled that the new and old naira notes can co-exist, transiting to the new notes has remained an endless wait, a development, which many fear could spur counterfeiting

The Nigeria Labour Congress (NLC) has vowed to withdraw the services of its members from all duties if the Federal High Court judgment that barred the Central Bank of Nigeria

Keystone Bank Limited has reiterated its financial stability, dispelling rumours of any plan by the Central Bank of Nigeria (CBN) to revoke its licence. In a statement released on Tuesday, the bank's Managing Director and Chief Executive Officer, Hassan Imam, assured customers and stakeholders that the institution remains strong, healthy, and resilient, and that the…

Despite the tightening stance of the Central Bank of Nigeria (CBN), Nigerian banks and discount houses borrowed ₦29.017 trillion through the Standing Lending Facility in the third quarter of 2024.

The country’s statutory revenue inflows dropped by N177.426 billion in September from N1.221 trillion received in the month of August 2024 to N1.043 trillion.

Despite inflation receding for two consecutive months, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday raised Monetary Policy Rate (MPR) by 50 basis points from 26.75 per cent it was to 27.25 per cent.

Civil Society Legislative Advocacy Centre (CISLAC) has condemned alleged extravagant spending by the leadership of the Central Bank of Nigeria (CBN), as Nigeria struggles with hunger, hardship and rising inflation.