Finance
CBN Introduces N100 Million Fine for Banks Over Undocumented FX Transactions
The Central Bank of Nigeria (CBN) has unveiled a major revision of its foreign exchange regulatory framework. The new rules...
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Reps Committee Recovers N521.77m VAT from CBN Over Remita Transactions
The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central...
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Ecobank Approves $40m Dividend as 2025 Profit Hits Record $801m
Shareholders of Ecobank Transnational Incorporated have approved a $40m dividend payout for the 2025 financial year after the banking group...
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CBN Raises Foreign Tuition Remittance Cap to $25,000 per Semester in FX Reform Push
The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange (FX) tuition fee remittance for Nigerian students studying...
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Quest Merchant Bank Secures Stable Outlook as GCR Affirms Ratings
Quest Merchant Bank Limited has strengthened its position in Nigeria’s financial services sector following the affirmation of its national scale...
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Abbey Mortgage Bank Secures CBN Approval to Become Commercial Bank
Abbey Mortgage Bank Plc has secured regulatory approval from the Central Bank of Nigeria (CBN) to convert into a commercial...
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Naira Holds Steady at ₦1,373/$ as Forex Market Maintains Stability
The naira remained stable against the United States dollar on Wednesday, according to the latest available data from the Central...
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Moniepoint CEO: Credit Will Drive Next Phase of Nigeria’s Payments Growth
The founder and Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has said the next stage of growth in Nigeria’s payments...
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CBN Reassigns Four Deputy Governors in Leadership Reshuffle
The Central Bank of Nigeria (CBN) has reassigned all four deputy governors in a major leadership reshuffle aimed at strengthening...
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AfDB: Nigerian Banks Lend Only 9.4% of GDP to Private Sector
The African Development Bank (AfDB) has revealed that banks in Nigeria lend the equivalent of only 9.4 per cent of...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.