World Bank forecasts crude oil prices rising till June 2022, fuelling inflation
Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global…
Reps Threaten to Takeover Heritage Bank Over Huge Debt
Ifie Sekibo: MD/CEO, Heritage Bank The House of Representatives, on Thursday, threatened that it will ask the Central Bank of…
Cryptos May Appear As Safer Store Of Value – IMF
The IMF said that weak central bank credibility and a vulnerable banking system in emerging economies can make cryptocurrencies appear…
Nigerians Can Access ENaira Without Internet-Enabled Phones – CBN
Central Bank of Nigeria (CBN) says Nigerians can still make transactions on the eNaira platform without Internet-enabled phones. The CBN…
Nigeria Digital Bank Sparkle Raises $3.1m to Scale Operations
Nigerian fintech startup Sparkle, a mobile-first digital bank that provides financial, lifestyle and business support services to Nigerians across the…
Buhari charges insurers to improve claims settlement
President Muhammadu Buhari has charged insurance companies in the country to improve on their performance and honour the payment of…
IMF cautions debtor nations on spending
After debt loads surged last year amid the pandemic, governments now must take care to ‘calibrate’ spending, the IMF said…
SEC partners EFCC to curtail capital market crimes
The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have collaborated on capital building training…
CBN directs banks to apply I&E window rate for outbound payments through PAPSS
The Central Bank of Nigeria (CBN) has directed commercial banks to apply the exchange rate in the importer and exporter…
CBN to Stop Watch-Listed BVN Customers From Banking Services
The Central Bank of Nigeria (CBN), on Wednesday, spelt out sanctions and punishment for breaches on Bank Verification Number (BVN)…