UBA is inviting shareholders to take up more shares, as it issues 3.15 billion new shares to raise the money needed to meet CBN capital requirements.

But the Bank for International Settlements, the umbrella body for central banks, last month warned that the unchecked rise of ...

Markets Nigeria's Central Bank Digital Currency Pilot to Start Oct. 1 Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.

Zenith Bank Plc has hit a market capitalisation of N3 trillion, making it the second most capitalised bank, after CGTOC on the Nigerian Exchange Limited.

Bismark Rewane, an economist and Chief Executive Officer of Financial Derivatives, says Nigeria's currency has stabilized. Rewane spoke during an ...

The Central Bank of Nigeria has given lenders until the end of the week to submit plans to address capital shortfalls and ...

Nigeria's central bank is concerned about the value of the naira and is making deliberate efforts to avert a further downward slide in the currency, it said on Friday.

Nigeria's central bank said on Monday it had revoked the banking licence of unlisted lender Heritage Bank Plc due to a breach of banking regulations.

Suspended Nigerian Central Bank governor, Godwin Emefiele, made a public appearance in a Lagos court on Tuesday to face charges of illegal possession of a firearm and live ammunition.

Nigeria’s central bank chief arrested after being suspended by president Emefiele’s arrest culminates months of investigation into his office by Nigeria’s Department of State Services.

Nigeria’s economic potential is vast—it is home to over 220 million people, a growing tech sector, abundant natural resources ...

Nigeria’s central bank chief has been arrested hours after he was suspended by the country’s new president. And other business news in brief.