CBN appoints new executives for Union, Keystone, Polaris banks
The Central Bank of Nigeria (CBN) has taken decisive action by dissolving the board of directors overseeing the operations of Polaris, Union, and Keystone banks. Following this decision,…
Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The Nigerian naira has experienced a significant depreciation of 26.36 percent against the US dollar at the official Investor and Exporter window of the foreign exchange market. This…
Manufacturers may sack workers as naira loses 39%
The Nigerian naira has experienced a significant depreciation of 38.9% against the US dollar at the official Investors and Exporters (I&E) window of the Central Bank of Nigeria…
Forex scandal: EFCC combs Dangote HQ for documents, probes 51 firms
Operatives from the Economic and Financial Crimes Commission (EFCC) have conducted a raid at the headquarters of Dangote Industries Limited in Ikoyi, Lagos.InformationGuideNigeria This action is part of…
Armed robbers kill CBN staff, three others inside Abuja supermarket
In a tragic turn of events, suspected robbers attacked Abdullahi Supermarket in One Man Village, near Mararaba, resulting in the death of four individuals, including a staff member…
BLACK MARKET DOLLAR TO NAIRA EXCHANGE RATE TODAY 29TH DECEMBER 2023
As of December 28, 2023, the exchange rate for the US dollar to Nigerian Naira in the Lagos Parallel Market (also known as the Black Market) is as…
Your money is Safe in banks, CBN assures Nigerians
The Central Bank of Nigeria (CBN) has issued a statement reassuring the public of the safety and stability of the country’s banking sector. Amid circulating unverified reports questioning…
BREAKING: Banks colluding with PoS operators to disrupt naira circulation, says CBN
The Central Bank of Nigeria (CBN) has issued a warning to Point-Of-Sale (PoS) operators and Deposit Money Banks (DMBs) regarding their practices that are impacting the availability of…
Strengthen fintech regulations, bank audit leaders tell CBN
The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has recently emphasized the need for more stringent regulatory measures in the fintech sector and the operations…
CBN Directs Financial Institutions to Display Corporate Names on Digital Platforms
The Central Bank of Nigeria (CBN) has mandated all licensed financial institutions to prominently display their corporate names on their websites, portals, and online applications.informationguidenigeria This directive, announced…