Nigeria’s bond issuance oversubscribed by N139 billion, says DMO
The Debt Management Office (DMO) says the country’s January bond issuance valued at N214.05 billion ended with an oversubscription of…
IMF set to launch $50bn lifeline for Nigeria, others
The International Monetary Fund (IMF) has said it is set to launch a $50bn trust fund for low-income and vulnerable…
Foreign investors rouse Nigerian equities to N417b gain
A flood of open market orders by foreign investors yesterday roused Nigerian equities to their second consecutive bullish trading session,…
Bitcoin is Losing Dominance in Crypto Payments
There are indications that consumers and businesses are increasingly starting to use digital tokens other than bitcoin for purchases, according…
SON to consider new standards for cybersecurity
Worried about huge financial losses to cybercrimes and hackers, the Standards Organisation of Nigeria (SON) has expressed commitment to standardise…
Cash-strapped banks borrow N9.17tn from CBN in seven months
Deposit Money Banks and merchant banks have borrowed the sum of N9.17tn from the Central Bank of Nigeria (CBN) through…
MAN Faults CBN’s COVID-19 Interventions’ Implementation
The Manufacturers Association of Nigeria says the implementation of the Central Bank of Nigeria’s Covid-19 intervention funds and other similar…
IMF Warns Nigeria, Others That Crypto Currencies’ Volatility Poses Financial Stability Risks
The International Monetary Fund says crypto currencies’ high volatility and valuation, as well as their increasing co-movement with equity markets…
Digitalisation: Standard Chartered To Shut Down Half of Its Nigerian Branches
Standard Chartered Bank has expressed plans to shut down about half of its Nigerian branches as it moves to expand…
Crypto Platform, Yellow Card Resumes Deposits, Withdrawals via Nigeria Naira
Crypto exchange platform Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria. The move by the…