CBN reaffirms commitment to financial stability
The Central Bank of Nigeria (CBN) has reiterated its dedication to safeguarding the stability of the nation's financial system. In ...
Tag: Financial Stability
NDIC Liquidates Heritage Bank After CBN Revokes License
The Nigeria Deposit Insurance Corporation (NDIC) has begun the liquidation of Heritage Bank Plc following the Central Bank of Nigeria's ...
CBN Revokes Heritage Bank License Due to Financial Instability
The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc's license. This decision was communicated ...
Nigeria’s FX Reserves Rise by $535 Million Amid Dollar Scarcity
Nigeria's foreign exchange (FX) reserves have grown by approximately $535 million over the past 28 days, despite the ongoing dollar ...
Lagos Gov’t Reaffirms Monthly Rental Scheme Amid Crisis
In the face of Lagos State's escalating housing crisis, the government has reiterated its dedication to launching the monthly rental ...
CBN Directive Halts Fintechs’ New Account Openings
In response to a directive from the Central Bank of Nigeria (CBN), leading fintech companies such as Kuda Bank, Moniepoint, ...
Nigerian Banks Primed for Robust Dividend Disbursements
In a recent report by Ernst and Young Global Limited (EY), a leading tax and advisory services firm, Nigerian banks ...
Transcorp Hotels Plc Declares N2.048 Billion Dividend for 2023
Transcorp Hotels Plc, a leading hospitality company in Nigeria, has announced a dividend payout of N2.048 billion for the financial ...
