The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reduce its applicable buying exchange rate downward due to naira’s speedy
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The federal government has unveiled plans to launch a multipurpose national identity card. The identity solution is equipped with payment capability for all types of social and financial services. According
KPMG Nigeria says the monetary tightening efforts by the Central Bank of Nigeria (CBN) might prevent banks from giving credit to support the economy. Monetary tightening occurs when a central
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), TheCable can report. Findings by TheCable also showed the limits vary across banks. This followed reported cases
Here are the seven top business stories you need to track this week — April 1 to April 5. NNPC
The Central Bank of Nigeria (CBN) has removed the limits and restrictions on transactions on the Pan-African Payment and Settlement
Stories on goodwill Easter messages from political leaders across the country, and a gloomy Easter in prospect for Nigerians given
The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market. The
Osita Izunaso, chairman, senate committee on capital market and institutions, says banks’ recapitalisation will strengthen Nigeria’s financial system. On March
Publicly-listed commercial banks would need over N2.81 trillion to meet the recapitalisation target set by the Central Bank of Nigeria
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