By Sodiq Adelakun In a strategic move to stabilise the Nigerian currency, the Central Bank of Nigeria (CBN) re-entered the spot foreign exchange market on Tuesday...
The Naira depreciated further to N1,534/$ on Monday according to data on the Central Bank of Nigeria and FMDQ website. This is a landmark as it...
By Sodiq Adelakun In a remarkable leap forward for Nigeria’s digital economy, the latest figures from the Nigeria Interbank Settlement System (NIBSS) indicate a significant 54.55...
By Sodiq Adelakun The House of Representatives has instructed its Committees on Banking Regulations and Banking Institutions to hold an investigative hearing regarding the failure of...
…Says food inflation remains a concern for low, middle, high-income nations By Sodiq Adelakun The World Bank has projected that seven states in Nigeria’s North-west and...
…BDC to undergo overhaul as Cardoso targets currency hoarders …Says CBN’s bold reforms lead to $800m in forex transactions By Sodiq Adelakun In an address to...
The board of Fidelity Bank Plc has announced the appointment of Mr Abolore Solebo as Executive Director. This was contained in the company’s notice to the...
116 customers of Wema Bank were rewarded with about N8 million in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In...
…Justifies relocation of departments, says headquarters currently overpopulated By Sodiq Adelakun In a recent development, the Governor of the Central Bank of Nigeria, Yemi Cardoso, announced...
The Federal Government of Nigeria has pledged to undertake significant macroeconomic reforms in response to the ongoing depreciation of the Naira in the Forex market. The...