United Bank for Africa says Tony Elumelu will step down as chairman in 2026 in line with CBN rules, while Emmanuel Nnorom takes over leadership.
FG dismisses reports of off-budget spending, insisting all public funds are spent within constitutional and National Assembly-approved frameworks.
Economic hardship has also contributed to an increase in crime, cyber fraud, kidnapping, armed robbery, prostitution, and other social vices, as some individuals resort to illegal...
CBN has withdrawn the operating licenses of 46 MfBs effective July 1 due to non-compliance with BOFIA 2020 and other regulatory issues.
Economic recovery should therefore be judged by two complementary standards. The first is whether national indicators continue to improve. The second, and perhaps more important, is...
If combined with the current administration's fiscal reforms and a broader programme of economic transformation, debt relief could provide Nigeria with the foundation for sustainable growth,...
The naira depreciated to N1,405 per dollar in the parallel market and N1,361.5 per dollar in the official market, while FX turnover dropped by 56.8%, according...