Value of online transactions in Nigeria hits $116 billion in Q3 2020
Nigeria has recorded a surge in online transactions after a massive drop during the COVID-19-induced lockdown, this resurgence…
NDIC to insure non-bank deposits taking institutions
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for non-bank deposit…
Forex reserves fall to $35.63bn, lowest in two months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from…
CBN warns banks against diverting agric intervention funds
The Central Bank of Nigeria has warned banks participating in the Private-Sector-led Accelerated Agriculture Development Scheme against diverting the intervention…
CBN Opposes Bid to Remove Arabic from Naira Note
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes.…
We owe CBN more than N4tn, says AMCON
The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was…
BOI to promote enterprise in Ekiti with N1bn loan
The Bank of Industry (BoI) has expressed the bank’s readiness to provide credit facilities to the tune of one billion…
World Bank, IMF postpone annual meetings in Morocco until 2022
The planned Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) scheduled to have taken…
GTBank Obtains Approval to Restructure to a Financial HoldCo
Guaranty Trust Bank Plc (GTBank or the Bank) is pleased to announce that it has obtained the approval-in-principle of the…
Nigeria will hit borrowing capacity soon –El-Rufai
Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the…