One Payment Limited, a subsidiary of the leading Pan-African digital payments group, DPO Group, has been granted a licence by the Central Bank of Nige
Read More
The Central Bank of Nigeria (CBN) has upgraded the status of Parallex Microfinance Bank Limited to that of a Deposit Money Bank (DMB). The financial i
Read More
The Central Bank of Nigeria has established grants for graduates and students to reduce unemployment. Tertiary Institutions Entrepreneurship Scheme (T
Read More
The Central Bank of Nigeria (CBN) first shut down on traders and financial institutions, enabling the trade as an official reaction to the thriving tr
Read More
When the Central Bank of Nigeria (CBN) placed a ban on cryptocurrencies in Nigeria, one would have thought that was the end of trading and the usage o
Read More
The Central Bank of Nigeria (CBN) has disclosed that the net foreign exchange (forex) inflow into the Nigerian economy saw a disappointing fall from $
Read More
HoldCo is an abbreviation for Holding Company. A holding company is a business entity that owns enough shares in other companies and largely influence
Read More
The default rate on loans backed with collateral worsened in the last quarter of the year. This is according to a report by the Central Bank of Nigeri
Read More
The Nigerian Stock Exchange (NSE) emerged the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the globe. Th
Read More
President Muhammadu Buhari has mandated the Central Bank of Nigeria (CBN) to maintain its non-provision of foreign exchange policy for food importatio
Read More
Fidelity Bank Plc announces new Board appointments in place of some of its outgoing Directors, who have recently completed their tenure on the Board i
Read MoreThe monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has stated that over one million customers have been able to access loans at
Read More
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit of commercial banks grew by 7.61 per cent in October 2020, compared
Read More
The Central Bank of Nigeria (CBN) has revealed that based on a survey done by its Statistics Department, there are strong indications that the Naira w
Read More
Nigeria’s population is growing exponentially. According to the World Bank, it is projected that Nigeria will outgrow the population of the Unit
Read More
The licenses of seven payment service providers (PSP) and one switch operator have been revoked by the Central Bank of Nigeria (CBN). The CBN made the
Read More
According to the Q3 economic report of the Central Bank of Nigeria (CBN), Deposit Money Banks borrowed the sum of N1.7 trillion from the apex bank in
Read More
Mr. Bismarck Rewane, the Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, predicted that double-digit inflation in th
Read MoreA recent survey report by the Central Bank of Nigeria (CBN) for the last quarter of 2020 (Q4 2020) has shown that the increasing rate of inflation wil
Read More
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revo
Read More