According to the World Gold Council (WGC), central banks’ insatiable appetite for gold reached a significant milestone in ...

The CBN posted a profit after tax of N38.8 billion.The Central Bank of Nigeria returned to profit in 2024, posting a surplus of N38.8 billion after recording a massive loss of N1.15 trillion the year ...

The Nigerian naira has rebounded slightly against the dollar after starting the month of May on a negative note following the drop in crude oil prices.

CBN Governor Olayemi Cardoso outlined the gains of the financial sector reforms on businesses and the economy, stressing that ...

Addressing the high-profile audience, Cardoso reaffirmed the CBN’s unwavering commitment to rebuilding its credibility through orthodox monetary policy, transparency, and policy consistency. “We ...

Zenith Bank shareholders have expressed frustration over the high penalties imposed on commercial banks by regulatory authorities, particularly the Central ...

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), saw a dramatic spike in its currency management costs in 2024, spending a staggering N315.18 billion on issuing and managing cash—a more ...

The Central Bank of Nigeria (CBN) reported a sharp rise in currency management costs in 2024, with expenses increasing by ...

About five years after ex-President Muhammadu Buhari approved the establishment of N15 trillion ($37 billion at the time it was conceived) ...

Sources said banks were seeking out foreign and domestic investors with capacity for “material” equity stakes in order to ...