According to recent data from the Nigeria Interbank Settlement System (NIBSS), the value of E-payment transactions in Nigeria fell to N37.67 trillion in February 2023, a...
As companies continue to seek ways to recover their funds following the collapse of Silicon Valley Bank, reports reveal that tech lender Liquidity group plans to...
In the midst of the confusion surrounding payment and rejection of old notes by banks, Anambra State governor, Chukwuma Soludo has revealed that the Central Bank...
As the scarcity of new naira notes bites harder in Nigeria, more Deposit Money Banks (DMBs) have reportedly issued old N500 and N1000 notes to their...
On Friday, the U.S. Federal Deposit Insurance Corp. (FDIC) announced Silicon Valley Bank (SVB) has been shut down following a series of financial challenges, making it...
The Federation Government raked in a whopping sum of N840 billion as tax from manufacturing companies in 2022. This is an increase of about 60 percent...
The Central Bank of Nigeria, CBN has released strict directives for the operation of open banking system in Nigeria. According to the CBN, the new guidelines...
As of March 9, 2023, the dollar to naira exchange rate is 1 USD to 752 NGN at the black market. This means that for every...
The Central Bank of Nigeria (CBN) has reacted to the recent poor rating of the International Monetary Fund (IMF) on the Anchor Borrowers’ Programme, faulting its...
According to a document by the Monetary Policy Committee of the Central Bank of Nigeria, Deposit Money Banks in Nigeria offered 130,854 new credits worth N947.46bn...
