The Naira exchange rate gained across the foreign exchange markets as a surplus FX position keeps demand pressures in check. According to…
Category:
Finance
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The Central Bank of Nigeria (CBN) has directed Point-of-Sale agents to limit their daily cash-out transactions to N100,000 per individual customer. The…
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Finance
SEC to prosecute celebrities, influencers promoting crypto assets without ‘sponsored’ labels for followers
Securities Exchange Commission has reviewed its guidelines to prescribe three-year jail terms for Nigerian celebrities and social media influencers who promote cryptocurrency…
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In a landmark achievement, the Advisory Board of the African Sustainability Awards in partnership with United Nations Educational, Scientific and Cultural Organization…
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Nigeria’s currency outside the banking system hit an all-time high of N4.2 trillion as of October 2024, despite several policies aimed at…
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The Central Bank of Nigeria (CBN) raised N2.087 trillion from OMO and Treasury bills at the primary market auctions last week. The…
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Finance
UBA donates N500m to Lagos State Security Trust Fund, pledges support for State’s effort at improving security
United Bank for Africa(UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos…
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Securities and Exchange Commission says the federal government issued six Sovereign Sukuk worth N1.1 trillion ($657.6 million) to finance 124 federal road…
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Central Bank of Nigeria (CBN) made another move to intervene in the official foreign exchange market to keep the naira strong. FX…
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The African Development Bank (AfDB) has provided key insights into how Nigeria and other African nations can address their growing debt burdens…
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President of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSIBIFI), Mr. Olusoji Oluwole, says the body would actively engage…
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Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award,…
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The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely…
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World Bank Group has said that developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs…
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National Pension Commission (PenCom) has lifted its suspension on investments in commercial papers by Licensed Pension Fund Administrators (LPFAs) where non-bank capital…