The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Nigeria’s foreign exchange (FX) reserve sustained its descent for the fifth consecutive week, decreasing to its lowest level since 8th October 2021, hitting eight-month bottom. Precisely,...
The Central Bank of Nigeria has reviewed operations of the NIBSS Instant Payments System (NIP) and other electronic payment options with similar features. In a circular...
The country’s external or foreign reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of...
Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022 a study by the Central Bank of Nigeria (CBN) has shown....
AppZone, Sub-Saharan Africa’s payment infrastructure company, announced that the Central Bank of Nigeria (CBN) has issued the organization an approval in principle to operate under the...
Reserves May crash below $38 Billion mark – Analyst As pressure continued to mount on the Nigeria’s external reserves, the country’s hard currency vault depleted by...
In line with rife expectations by investors in the Nigeria’s Fixed Income (FI) Market, the overnight (OVN) rate expanded by 424 basis points last week to...
By Marcel Okeke A seemingly innocuous ‘war’ has been raging in the Nigerian financial services space for quite some time now: the ‘war’ to checkmate the...
Nigerians have remained unflinching to explore blockchain technology and cryptocurrency that rides on it in search of financial succor despite the ban imposed on the digital...
