By Adeyemi David The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stressed the urgent need for Africa to accelerate industrialisation, create jobs, expand economic opportunities, and lift millions out of poverty while strengthening climate resilience. Cardoso made the call during his keynote address at the Egypt 30by30 Programme organised by the…
By Adeyemi David The Nigerian naira recorded a positive performance in the foreign exchange market, appreciating against the United States dollar at the official window as improved liquidity supported the local currency. Data from the Central Bank of Nigeria showed the naira closed at about N1,337 per dollar, strengthening from N1,344 recorded earlier, marking its…
The Nigeria Deposit Insurance Corporation (NDIC) has intensified its financial literacy campaign in secondary schools across Cross River State, emphasizing the importance of cultivating a savings culture among young Nigerians. Speaking in Calabar on Wednesday, the Principal Manager of the Communications and Public Affairs Department at NDIC, Bokepere Adeghe, said instilling the habit of saving…
By Adeyemi David The Chairman of the Dangote Group, Aliko Dangote has projected that the naira could strengthen to N1,100 per dollar in 2026, citing the effects of ongoing economic reforms and import substitution policies. Dangote made the remarks on Tuesday during the launch of the National Industrial Policy 2025 by the federal government. He…
Expanding fair access to foreign exchange and trade finance could unlock Nigeria’s export potential and strengthen regional commerce, a Central Bank of Nigeria (CBN) official has said. Assistant Director of Imports and Trade Relations at the CBN’s Trade and Exchange Department, Mr Tiku Allu made the remarks at the 2026 Ecobank Nigeria customer forum on Tuesday…
Zenith Bank Plc has urged members of the public to disregard videos circulating online falsely linking its Group Chairman, Dr Jim Ovia, to an investment scheme called Wealth Bridge. The bank issued the advisory via its official X handle on Tuesday in Abuja, warning that the videos claim the Central Bank of Nigeria (CBN) has…
By Adeyemi David The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting bank customers and strengthening public trust in financial system following a stakeholder townhall meeting in Enugu. The corporation in a tweet on it X handle announced an increase in deposit insurance coverage to ₦5 million for commercial bank customers and ₦2…
Polaris Bank has unveiled a new Gift Card feature on its digital lifestyle platform, VULTe, offering users a faster, smarter way to send love, appreciation, and rewards across borders. The feature allows customers to deliver global brand gift cards to family and friends anywhere in the world in seconds. Designed for speed, security, and everyday…
Nigeria’s banking sector emerged as the top destination for foreign capital in the third quarter of 2025, attracting $3.14 billion and accounting for 52.25 percent of total capital imported into the country. This is according to the Capital Importation Report for Q3 2025 released by the National Bureau of Statistics (NBS), which showed a significant…
By Adeyemi David Ahead of 2026 deadline, Sterling Financial Holdings Company Plc has announced that its core banking subsidiaries, Sterling Bank and The Alternative Bank, have been fully recapitalised in compliance with revised minimum capital requirements set by the Central Bank of Nigeria (CBN). The confirmation follows final regulatory approvals received in January 2026, with…
