CBN unveils guidelines for payments system firms
The Central Bank of Nigeria (CBN) has unveiled guidelines for licensing and regulation of payments system holding companies (PSHC), stressing…
‘CBN has no plan to convert dollar account holdings to naira’
The Central Bank of Nigeria (CBN) has dismissed the insinuations that it intends to convert the foreign exchange (FX) savings…
FG plans divestment policy to guide oil industry operators
The Federal Government, yesterday, dropped hints of plans to introduce a comprehensive divestment policy to guide operations in the oil…
Naira strengthens to 512/$1 as banks set up forex teller points
The naira appreciated against the dollar at the parallel market on Monday as deposit money banks (DMBs) set up foreign…
IMF approves increased lending capacity by $650bn
The Board of Governors of the International Monetary Fund (IMF) on Monday gave the green light to increase the lending…
National Vehicle Registry to Grow Annual Revenue 5% Says FMoF
The Federal Ministry of Finance, Budget and National Planning has projected a 5 percent rise in the nation’s annual revenue…
MAN supports CBN’s ban of FX sale to BDCs
The Manufacturers Association of Nigeria (MAN) has expressed support to last week’s decision by the Central Bank of Nigeria (CBN)…
Nigeria’s external reserves gain $280m in two weeks
Nigeria’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest figures…
SWIFT Launches SWIFT Go, Fast, Cost-effective Service for Low-Value Cross-Border Payments.
Global electronic payment transfer platform SWIFT has launched a new service which enables businesses and consumers to send payments in…
EFCC recovers N5.4bn from trapped N12bn for NHIS
The Economic and Financial Crimes Commission (EFCC) has recovered N5.4billion for the National Health Insurance Scheme (NHIS). Prof. Muhammad Sambo,…