As the problem of scarcity of the Naira persists, point-of-sale (PoS) operators continue to charge exorbitant fees on cash transactions, prompting the intervention of the Central Bank of Nigeria, the ...
As of February 2023, farmers have returned N503bn, or 52.39 percent, under the Anchor borrowers scheme, according to data released by the Central Bank of Nigeria.On Monday, AbdulMumin Isa released a s...
Nigeria has become a hotbed for fintech innovation in recent years, with the fastest-growing number of startups in Africa that are always looking to disrupt the traditional financial services industry...
Zenith bank on March 3 2023 gets Central Bank's approval in principle to operate their holding company (in formation) known as Zenith Holdco Plc. The Apex bank informed the Nigerian Exchange Grou...
The black market exchange rate has never been constant when it comes to Naira vs Dollar, so the rise and fall is something that has become a norm in the country. However, the Central Bank of Nig...
Treasury Bills are a type of debt instrument issued by CBN on behalf of the government to raise funds for spending. Treasury notes are another tool the CBN employs in its efforts to manage the economy...
As Nigerians continue to face difficulties in able to access the new naira note, it’s expedient for the president of the federation to address the citizens. Before the broadcast by President Muhamma...
Recently, the naira which is one of the tools for transactions both in small and large businesses has become scarce. This further prompted the United Kingdom Foreign, Commonwealth, and Development Off...
The Central bank is moving things around for Nigerian citizens and business owners by tightening the spending ability. There are restrictions on international spending and now Sterling bank has rolled...
The Central Bank of Nigeria has announced the redesign and printing of new naira notes for selected notes. Besides it being a norm for central banks to redesign local legal tender from time to tim...