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CBN
In a move aimed at bolstering the Nigerian banking sector amid volatile foreign exchange (FX) rates, the Central...
Flutterwave, Africa's leading payments technology company has announced the launch of Swap, powered by Flutterwave, in partnership with Wema Bank and Kadavra BDC.
The Central Bank of Nigeria's audacious plan to eliminate its $10 billion foreign exchange backlog within a mere two weeks has stirred both curiosity and skepticism among financial experts and traders in the country.
The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to give autonomy to BDCs autonomy to go digital.
The board of Access Holdings Plc has announced that it is awaiting approval from CBN to release its Half-Year (HY) financial results.
Nigeria’s weak external reserves, as disclosed by CBN’s recent data, are a concern as they highlight external risk and policy challenges.
CBN has said that it is working with the commercial banks to clear the $10 billion foreign exchange backlog within the next 2 weeks.
NCC Prof. Umar Danbatta, has said that the lingering issue of N120 billion debt owed by banks for the Unstructured Supplementary Service Data (USSD), provided by telecom operators has now been resolved.
The former Emir of Kano and ex-governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi, chose to exercise restraint when it came to criticizing President Bola Tinubu over the ongoing economic challenges faced by Nigerians.
The manufacturing sector’s real GDP growth was 2.20% in Q2 2023, a 26.8% decrease compared to the 3.0% recorded in Q2 2022, but an increase of 36.6% from the 1.61% recorded in the previous quarter.
Mobile Network Operators (MNOs) have decried political interference as a contributing factor to the ongoing impasse surrounding the non-payment of approximately N150 billion debt owed by banks for Unstructured Supplementary Service Data (USSD) usage.
The Central Bank of Nigeria (CBN) has criticized JP Morgan's recent estimate of Nigeria's foreign exchange reserves, calling it a misrepresentation.