The overnight (OVN) rate leaped to 15.3% at the close of activities in the money market last week as the Central Bank of Nigeria (CBN) debited...
Recent announcements by MTN Nigeria and Airtel Africa on acquisition of payment service bank approval in principle has spurred excitement at various quarters but at the...
The Central Bank of Nigeria (CBN) has reported that there was N2.907 trillion currency in circulation in Nigeria as at end-December 2020. This was disclosed in...
The Central Bank of Nigeria (CBN) has fixed the maximum loan amount that a participant in its newly introduced initiative, called ‘The 100 for 100 PPP...
The Nigerian banking sector’s credit to the private sector was topped by N425 billion in September as aggregate rose from the N33.4 trillion in August to...
Nigeria’s central bank digital currency (CBDC), the eNaira, is now live following an announcement by President Muhammadu Buhari on Monday. The digital currency has two applications to drive...
Latest data by the Central Bank of Nigeria showed the country’s foreign reserves surged by $943.48 million week-on-week to touch $40.76 billion as at October 20....
The Central Bank of Nigeria (CBN) has said the eNaira will be available to Nigerians without Internet-enabled phones. The CBN disclosed this in a document obtained...
The Central Bank of Nigeria (CBN) has expressed its determination to address the existing challenges in the country’s wheat value chain as part of efforts to...
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change (BDCs)...
