IUX Trading Volumes Jump 68% Amid Rapid Growth
IUX broker reports 68% quarterly growth to $541B. Explore how their negative balance protection, zero stop-out, and segregated funds safeguard Nigerian traders in volatile markets.
Category : Banking
CBN Retains 27% Interest Rate to Combat Inflation
Nigeria's Central Bank maintains Monetary Policy Rate at 27% to stabilize prices. MPC keeps tight monetary stance as inflation shows signs of easing. Full details inside.
CBN Retains MPR at 27%, Delays Loan Rate Cuts
Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Access Bank Unveils Detty Fusion for Festive Season
Access Bank introduces Detty Fusion, a CSR initiative connecting Nigerians to verified festive experiences while supporting SMEs and creative entrepreneurs during December celebrations.
CBN to ban serial bounced cheque issuers for 5 years
CBN proposes 5-year ban for serial dud cheque offenders to restore confidence in Nigeria's payment system. Stakeholders have 3 weeks for feedback.
CBN Proposes 5-Year Ban for Dud Cheque Offenders
Nigeria's Central Bank plans five-year banking restrictions for customers issuing bounced cheques three times. Banks face heavy fines for non-compliance. Read details.
FirstBank Lends N200bn to Nigerian SMEs in 2024
FirstBank has disbursed over N200 billion to Nigerian SMEs, tackling funding gaps with uncollateralized loans and business training to foster economic growth.
SEC: Sustain Compliance After FATF Grey List Exit
Following Nigeria's removal from the FATF Grey List, the SEC has called on capital market operators to deepen their compliance culture to protect the nation's global financial reputation.
PalmPay USSD Codes Guide: Transfer & Balance Check
Learn all PalmPay USSD codes for account opening, balance checking, money transfers and bill payments without internet. Complete 2024 guide for Nigerian users.
Union Bank Save & Gain: Win ₦5 Million & Cash Prizes
Union Bank's new Save & Gain campaign rewards customers with cash prizes up to ₦5 million for maintaining accounts and using digital channels. Learn how to participate.
Ex-Senator Sues NDIC Over N4.76bn Property Documents
Former Senator Farouk Bunza demands NDIC release title documents for N4.76bn Banana Island property after full payment. Legal action threatened over contract breach.
UBA's Alawuba Charts New Path for African Capital
UBA CEO Oliver Alawuba declares Africa's 'era of execution' at UAE-Chad Forum, unveiling a blueprint to mobilize $4 trillion in domestic assets for transformative infrastructure.
Nigerian Banks Warn Customers Over Rising Fraud
Nigerian banks issue urgent fraud warnings to customers during International Fraud Awareness Week 2025. Learn how to protect your accounts from sophisticated scams.
Lady's N16k Loan Becomes N365k Debt from Loan App
A Nigerian woman's N16,000 loan from a mobile app escalated to N365,000 repayment demand. Discover the shocking details and public reactions to this predatory lending case.
Man's N1.3m Loan App Credit Score Stirs Reactions
A Nigerian man's display of his over N1.3 million credit score on a loan app has generated mixed reactions online, with many warning it's a trap. Discover the full story.
CBN Issues Naira Handling Warning for Christmas Season
Central Bank of Nigeria urges citizens to stop spraying, mutilating naira notes during festive period. CBN describes currency as vital national symbol requiring proper handling.
CBN Injects $50m to Stabilize Naira Amid Dollar Demand
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
CBN Seeks Better Fiscal-Monetary Policy Alignment
CBN executives and economic experts emphasize urgent need for coordinated monetary and fiscal policies to achieve Nigeria's economic stability. Learn about the new framework.
Stanbic IBTC Supports 200 Children with Prosthetic Limbs
Stanbic IBTC celebrates supporting 200 children through Together4ALimb initiative, providing prosthetic limbs and education trust funds. Join the movement for inclusive education.
GrabrFi Offers US Bank Accounts to Nigerian Freelancers
Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
FairMoney Launches ₦5M Loan for Nigerian Pros
FairMoney Microfinance Bank launches FlexiCredit, offering Nigerian professionals loans up to ₦5 million. Learn eligibility, interest rates, and how to apply.
Fake Microfinance Bank Exposed by CBN in Nigeria
CBN warns Nigerians against Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kaduna, and Kano. Verify licensed MFBs before transactions.
CBN Warns Against Illegal Zuldal Microfinance Bank
Central Bank of Nigeria exposes Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kano, and Kaduna. Verify financial institutions on CBN website before banking.
Quick Wema Bank Account Opening: ALAT, USSD, Branch
Learn how to open a Wema Bank account quickly using ALAT app, USSD code *945*1#, or visiting a branch. Essential requirements: valid ID, BVN, passport photo.
Digital Access Vital for Nigeria's $1tr Economy Goal
FairMoney MD Henry Obiekea reveals how transparent digital lending can drive Nigeria's $1 trillion economy target by tackling financial exclusion affecting 40 million adults.
Court awards N20.7bn against petroleum marketer
A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.
CBN: Abuse of Naira is a Punishable Offence
The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.
Christian Stracke: Sutton's Ex-Husband & PIMCO President
Discover the private life of Christian Stracke, the investment banker ex-husband of RHOBH star Sutton Stracke. Learn about his $30M net worth, career at PIMCO, and their three children.
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