On Monday, the Central Bank of Nigeria (CBN) announced that beneficiaries of diaspora remittances through the international monetary transfer operators (IMTO) shall now have such inflows in foreign currency (US
Business
The International Monetary Fund (IMF) says all countries receiving emergency financing must commit to a safeguards assessment of their central banks. Kristalina Georgieva, the IMF managing director, was speaking on
Zenith Bank has been named the bank of the year in Nigeria in The Banker’s Bank of the Year Awards 2020. The award, which was announced on Tuesday by The
For the second consecutive day, the naira has firmed up against the dollar. It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$,
Access Bank, Nigeria’s biggest bank by customer base, is in talks to acquire some assets belonging to Atlas Mara Limited,
Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign currency
The naira, on Tuesday, appreciated by 2 percent at N490 per dollar in the parallel market, but weakened by 1
Ngozi Okonjo-Iweala has been named Forbes Africa Person of the Year 2020. Okonjo-Iweala, Nigeria’s first female minister of finance and
President Muhammadu Buhari has asked the national assembly to pass the 2020 finance bill seeking to reduce import duties and
A federal high court in Abuja has granted leave to two groups seeking to compel the Central Bank of Nigeria
