CBN revokes licences of 46 microfinance banks
By Abubakar Yunus
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing their failure to meet regulatory...
CBN limits suspension of payment obligations involving troubled banks to two days
By Mariam Abeeb
The Central Bank of Nigeria (CBN) has issued new guidance limiting the suspension of payment obligations involving troubled banks and other financial...
IMF: Nigeria excluded 2% of GDP in public spending from budgets
By Abubakar Yunus
The International Monetary Fund (IMF) says Nigeria failed to record public spending equivalent to about 2 percent of its gross domestic product...
UBA pays over N400m anniversary bonus to Bumper Account customers
By Abubakar Yunus
United Bank for Africa (UBA) Plc has rewarded thousands of customers with more than N400 million in anniversary bonuses under its UBA...
World Bank approves $1.25bn financing to support reforms, expand energy access in Nigeria
The World Bank has approved a $1.25 billion development policy financing (DPF) operation for Nigeria to support reforms aimed at accelerating investment, creating jobs...
