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CBN Reforms Boost Dollar Inflows; Naira Card Restrictions Officially Lifted

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Nigerian banks are resuming international transactions on naira-denominated debit cards after years of stringent limitations brought on by dollar shortages and unstable foreign exchange....

CBN Fines Banks N150 Million Over Illegal Mint Naira Transactions

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The Central Bank of Nigeria (CBN) has penalized negligent Deposit Money Banks (DMBs) N150 million per branch in an effort to curb the illicit...

RE: Fidelity Bank PLC’s Statement on CBN Circular Forbearance Loans

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RE: Fidelity Bank PLC's Statement on CBN Circular Forbearance Loans By Naomisophyblog Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central...

Nigerians clear N4.05trn in personal loans within three Months

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Due to the high interest rates on their debts, Nigerians' personal loan balances with commercial banks decreased from N7.52 trillion in the first quarter...

Keystone Bank Prizes Exceptional Young Voices at Kiddies Poetry Event

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As it recently honored nine exceptional Nigerian children from all over the nation in its "Kiddies" Poetry Competition, Keystone Bank Limited, a prominent financial...