CBN cautions MFBs against hoarding lower currencies

The Central Bank of Nigeria has warned microfinance banks in the country against hawking and hoarding…

Banks hustle to beat CBN’s deadline on new lending policy

Deposit Money Banks are in a race to beat the September 30 deadline given by Central…

Wema Bank, Fintechs partner to create innovative financial solution

In keeping with its vision to reinvent banking and financial services in Nigeria and Africa, Wema…

FIRS sets deadline for VAT remittance

The Federal Inland Revenue Service has said all companies must remit value-added tax and withholding tax…

CBN Auctions N34bn Treasury Bills

The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure…

NNPC to partner NOASDRA on oil spill mitigation

Cases of the oil spill will witness drastic reduction if the Nigerian National Petroleum Corporation (NNPC),…

Nigeria to save $20bn from food import ban

Data obtained from the Central Bank of Nigeria (CBN) has shown that the implementation of the…

Fuel Subsidy Removal Will Add 4% to Global GDP, IMF Tells Nigeria, Others

The International Monetary Fund (IMF) wednesday reiterated the need for Nigeria and other countries that still…

Access Bank unveils scheme for smartphone purchase

Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get…

CBN’s PMI report shows rise in employment

The Central Bank of Nigeria (CBN) Purchasing Managers Index (PMI) report for July shows   employment level index on the…

Polaris Bank launches collateral-free salary advance solution

Polaris Bank has launched a quick credit solution called “Polaris Salary Advance”. Polaris Salary Advance is…

AfDB approves $20m investment for energy inclusion

African Development Bank says it has received $20m investment from the Clean Technology Fund for the…

SEC versus Oando: Mobolaji Osunsanya resigns as Director of Oando Plc

Wole Olajide It appears the Securities and Exchange Commission (SEC) seems to be gaining upper hand…

NAICOM prohibits use of hot money for recapitalization

The National Insurance Commission (NAICOM) is working hard to see that illicit funds are not used…

World Bank’s $1.66bn is intact-TCN

The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other…

Sterling Bank to hold agric summit in September

Sterling Bank is to hold the Agriculture Summit Africa in Abuja on September 5 and 6.…

CBN targets 95% financial inclusion rate in five years

The Central Bank of Nigeria (CBN) Governor and Chairman of the National Financial Inclusion Steering Committee,…

External reserves drop by 1.09% in one month

Recent statistics from the Central Bank of Nigeria have shown that Nigeria’s external reserves dropped by…