In order to attract more investors, especially at a period inflationary pressures in the country are making most investment tools unattractive, the Central Bank of Nigeria...
Nigeria’s foreign reserves sustained its ascent as it grew by $68.23 million week-on-week to settle at $39.02 billion. However, the rise in the reserves could not...
The Nigerian banking sector fast expanding in assets as banks in the country grew their total assets by N11.8 trillion to hit N65.48 trillion in 2021....
The Central Bank of Nigeria (CBN) has launched the *997# USSD code in Kano to reduce the use of cash in commercial activities. In the event...
By FBNQuest Analysts According to the CBN’s latest Quarterly Statistical Bulletin (QSB) total fx inflow into the Nigerian economy declined by -11% q/q to USD18.4bn in...
The Central Bank of Nigeria (CBN) has commended Remita, Nigeria’s leading fintech platform, for pioneering the usage of eNaira for payment transactions. The Remita eNaira initiative...
The Central Bank of Nigeria (CBN) has threatened to arrest Nigerians who withdraw naira denominations from their bank accounts, use same to buy dollars and then...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday again raised the Monetary Policy Rate from 13 per cent to 14...
By Ahmed Ayanfe Nigeria is intensifying efforts to earn a targeted revenue of $200 billion from non-oil exports, according to Godwin Emefiele, governor of the Central...
The licensing of non-interest banks (NIBs) and non-interest banking windows (NIBWs) of deposit money banks (DMBs) by the Central Bank of Nigeria (CBN) necessitated the formulation...
Foreign Direct Investment (FDI) into Nigeria has crashed by 78% in three months amid a worsening foreign exchange crisis in the country that continues to send...
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...
