In a move that will impact importers nationwide, the Central Bank of Nigeria (CBN) has once again adjusted the exchange rate used for calculating Customs duties....
In a proactive move to safeguard the stability of the Nigerian banking sector, the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN)...
In a robust move to ensure ethical practices within Nigeria’s digital lending space, the Money Lenders Association (MLA) has endorsed the Federal Competition and Consumer Protection...
By Sodiq Adelakun In a significant financial development, Nigeria’s banking sector has witnessed a substantial increase in the number of active bank accounts, according to the...
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...