A new report has revealed that the volume of real-time payment transactions in Africa’s biggest economy is projected to hit 8.9 billion in 2027 from 5.1 billion in 2022. The report in its fourth edition was published by ACI Worldwide,…
The Institute of Chartered Accountants of Nigeria (ICAN) has urged the federal government to improve the standard of education to reduce tourism, and foreign exchange pressure. Innocent Okwuosa, the 59th president of ICAN made known the position of the institute…
Union Bank has partnered with its parent company, TGI Group and Women’s World Banking, to introduce the ‘Digital Supplier Credit’ solution under its women’s banking proposition, álpher. The ‘Digital Supplier Credit’ solution is designed to address the financial needs of…
The poise of e-fraudsters has become a major concern to the Central Bank of Nigeria (CBN), its Director, Payment Systems Management, Musa Jimoh. Jimoh said during the Nigerian Electronic Fraud Forum (NeFF) third quarter general meeting in Lagos that there…
By Sodiq Adelakun The Naira fell to N900 per dollar yesterday following a report by JP Morgan that estimates Nigeria’s net FX reserves at $3.7billion, at the parallel segment of Nigeria’s foreign exchange (FX) market. JP Morgan said that Nigeria’s…
Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International Money Transfer Operators (IMTOs) have been diverted and are not being tracked. The acting CBN Governor, Folashodun Shonubi, had earlier…
…Trades at N860/$ ahead of new guideline for importers, BDCs By Sodiq Adelakun Naira has for the past three days remained flat at N860/$ amid cooling demand pressure at the parallel segment of the market. Parallel market FX dealers, on…
Some experts have called on the Federal Government to widen the tax net to include the informal sector and unregistered businesses in order to increase the country’s revenue base. The experts gave this advice at the Detail Tax Business Series…
The Central Bank of Nigeria intervention in the power, manufacturing and aviation sectors have risen to N5.6trillion in three years. The soft loans were advanced amid the continued and varied challenges facing the key sectors of the economy. The apex…
Fidelity Bank Plc has donated relief materials to the Internally Displaced Persons (IDPs) in Mangu Local Government Area of Plateau. Presenting the items on Monday in Jos, Mr Sadi Zawiya, the North Central Head of the bank, said that the…
