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Nigeria’s GDP picks up to 2.28% y/y in Q3-19

Nigerian Banks reduce dollar spending limits as forex scarcity rises

Many Nigerian banks are reducing how much foreign currency customers can spend abroad as concerns over the impact of the COVID-19 pandemic and drop in crude oil prices worsens Nigeria’s currency situation.
PWC Chief Economist offers FG solution to help self-employed, informal sector affected by Coronavirus

PWC Chief Economist profers solution to help self-employed, informal sector amidst Coronavirus

The Chief Economist of PWC, Andrew Nevin, has the Nigerian government needs to look beyond offering tax relief to businesses in the country and consider measures taken by the likes of the United States and United Kingdom.
CBN orders DMBs to set deadline for cheques

CBN temporarily suspends cheque clearing during Coronavirus lockdown

The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian Interbank Settlement System (NIBSS) are to suspend the clearing of all cheque instruments in the Nigerian Clearing System, starting from today March 31st, 2020.
Beyonce’s father invests in Nigerian streaming app, MePlaylist

Beyonce’s father invests in Nigerian streaming app, MePlaylist

Nigerian music streaming platform, MePlaylistTM, has secured investment from several investors, including Mathew Knowles.
Parallel market: Naira retains value against US Dollar at $1/N375

Naira drops further against US dollar at $1/N400

Naira dips further against the US dollar on Monday evening as it depreciated from $1/₦395 recorded earlier in the day to an average of $1/₦400.