Monday, September 25, 2023
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Full List: FCCPC Delists 37 Loan Apps

BANKING & FINANCE
The Federal Competition and Consumer Protection Commission (FCCPC) recently delisted 37 Digital Money Lending (DML) apps for voilating its rules and harassing customers. The FCCPC...

Yellow Card And MoonPay Collaborate To Enhance Crypto Accessibility In Nigeria

BANKING & FINANCE
In a significant move towards expanding cryptocurrency accessibility in Nigeria, Yellow Card, a pioneering African fintech company, has joined forces with MoonPay, a global...

CBN Instructs Banks To Stop Spending FX Revaluation Gains

BANKING & FINANCE
On Monday, the Central Bank of Nigeria (CBN) issued a new regulation urging commercial banks to stop using their foreign exchange (FX) revaluation profits...

Afreximbank To Double Intra-African Trade Financing to $40bn By 2026

BANKING & FINANCE
African Export Import Bank (Afreximbank) is to double its financing of intra-African trade to 40 billion dollars on a revolving basis by 2026. This...

FG Sees N3.7tn Fiscal Deficit In Five Months – CBN

BANKING & FINANCE
According to a recent estimate, the Federal Government's budget deficit reached N3.68 trillion in the first five months of 2023. According to a report...

Naira Value Falls 7% As FTSE Decreases Nigeria Index

BUSINESS & ECONOMY
According to FMDQ statistics, the Nigerian Naira fell by 7.08% versus the US Dollar at the Investors' and Exporters' FX Window, ending at N773.50...

120,000 MSMEs To Receive ₦150bn From Development Bank Of Nigeria

BUSINESS & ECONOMY
The Development Bank of Nigeria (DBN) has stated that it intends to distribute ₦150 billion to Micro, Small, and Medium-sized (MSMEs) businesses across the...

NIPOST Generated ₦3.01bn In 2022 – NBS

BUSINESS & ECONOMY
The Nigerian Postal Service (NIPOST) earned ₦3.01 billion in revenue in 2022, a 43.9 percent decline from the ₦5.37 billion gained in 2019. This was...

Afreximbank Signs MoU With Anambra Govt

BUSINESS & ECONOMY
The African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with Nigeria’s Anambra State Government to collaborate on state development efforts through...

Q2: MTN Nigeria Loses ₦126.8bn To FX Crisis

BRAND WATCH
MTN Nigeria Plc had a ₦126.8 billion foreign exchange (FX) loss in the second quarter (Q2), reducing after-tax profit by 67.7 percent year on...

Equities Market Drops By N112bn As Investors Book Profit

BUSINESS & ECONOMY
The Nigerian Exchange (NGX) stocks market lost around N112 billion on Thursday as investors profited from the Lagos bourse following a two-day protest by...

Forex Earnings Surges As Trade Surplus Hits N2.22tn

BUSINESS & ECONOMY
Nigeria's foreign exchange profits increased in the first six months of 2023, as the country's trade surplus increased to N2.22 trillion. This occurred as the...
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