With oil and food prices reaching record highs, Nigeria's inflation rate surged to an 11-month high in May 2022, reaching 17.71 percent and marking its fourth consecutive monthly increase in th...
The Tertiary Institutions Entrepreneurship Scheme was created by the Central Bank of Nigeria as part of its commitment to enhance economic growth by reducing level of unemployment among Nigerian ...
The Dangote Group has stated that it intends to invest significantly in the steel sector of the economy.This was revealed by Olakunle Alake, Dangote Group's group managing director, during a roundtabl...
NIRSAL Microfinance Bank is one of Nigeria's top financial institutions, regulated by the Central Bank of Nigeria (CBN) to provide loans for various purposes, including the Nirsal Covid-19 loan.NIRSAL...
Technology is rapidly transforming our daily lives. Fintech, blockchain, and cryptocurrencies are reshaping the financial system in developed nations, opening up new avenues for financial service deve...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in a press release titled “THE CENTRAL BANK...
The Central Bank of Nigeria has fined three Nigerian commercial banks a sum of N800 million for failing to adjust to regulations forbidding consumers from transacting in cryptocurrencies. Accor...
The decision of the Central Bank of Nigeria (CBN) to stop selling foreign exchange (FX) to its members, according to the Association of Bureaux De Change Operators of Nigeria (ABCON), has rendered t...
Wednesday, March 23, 2022: At the official Investors and Exporters (I&E) window, the exchange rate between the naira and the US dollar closed at N417/$1, unchanged from the previous day. On Wed...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that the inability of marketers to obtain foreign exchange (FX) at the Central Bank of Nigeria rate is part...