Artificial Intelligence Can Unlock $1tn a Year in Value for Banks
The adoption of artificial intelligence technology could potentially deliver up to $1 trillion in additional value each year for banks,…
Emefiele Says Nigeria May Embrace Digital Currency
The Nigerian government has admitted that it may embrace digital currency in future. This was made known by the Governor…
FG woos investors to upstream, refinery projects
The Federal Government has urged investors to explore opportunities availed to them through upstream and refinery projects, just as the…
CBN Raises Capital Requirements for Payment Solutions Service Providers to N250m
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements…
CBN Reverts to NAFEX Rate on its Website
In what market watchers believe is part of ongoing efforts to stem the slide in the naira and keep a…
Nigeria’s GDP records 0.51% growth in Q1 2021
Nigeria’s Gross Domestic Product (GDP) has recorded a growth of 0.51 per cent (year-on-year) in real terms in the first…
SEC adopts guidelines on sustainable finance for market operators
The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) as developed by the Financial Services…
World Bank seeks improved cross-border trade in Nigeria
The World Bank Group has urged the Federal Government to develop policies to increase cross-border trade in Nigeria in order…
Nigeria’s inflation reduces by 0.05%, says NBS
Nigeria’s inflation rate reduced by 0.05 per cent in April compared to what obtained in March, the National Bureau of…
CBN Weakens Naira to Unify Exchange Rates
The Central Bank of Nigeria (CBN) has devalued the naira again to a record low against the dollar on the…