Uju Ogunbunka News Today

A few days into the festive period, there are clear signals that Nigerians may experience a bleak yuletide as the country's inflation soared to 28.20 per

Nigerian banks' Standing Deposit Facility has declined by 18 per cent to N2.4 trillion in November from N2.94 trillion in October amid cash scarcity.

The Central Bank of Nigeria, on Monday, suspended the processing fees of two per cent and three per cent previously charged on all cash deposits above N500,000 for individuals, and N3m for corporates with immediate effect.

Few days into the Christmas and New Year celebrations, Nigerians are again faced with the scarcity of Naira notes. The development is coming despite the

Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country.

Nigeria's rising inflation continues to bite harder, pushing more citizens into poverty as the cost of living and purchasing power shrink under President

At least 110 top bank executives and junior staff members have been sacked for fraud-related cases in the past two years, findings by The PUNCH have shown.

A new Central Bank of Nigeria identification policy will only apply to 31.6 million Nigerians.

The World Bank has warned that the newly redesigned naira which went into circulation last week may have adverse effects on the Nigerian economy and on poor Nigerians due to its short transition period. The Washington-based bank revealed this in a new report titled, “Nigeria Development Update.” This came amid the mixed reactions that had been trailing the newly redesigned notes.