OPay, a Nigerian-based financial technology firm, has assured customers that their funds and data are safe. The fintech firm spoke in a statement signed by the management on Monday. The
Tag "forex"
Two Nigerian fintech companies have paused enrollment of new customers following a directive from the Central Bank of Nigeria (CBN). The affected fintechs are Opay and Moniepoint. Confirming the development
The Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol. According to Reuters on Monday, three sources confirmed the development. The debt is
The federal government says it has plans to start issuing domestic foreign currency-denominated bonds from the second quarter (Q2) of 2024. According to Reuters, Wale Edun, minister of finance and
Agora Policy, an Abuja-based think tank, has urged the federal government to cancel the policy of budgeting for domestic crude
The Manufacturers Association of Nigeria (MAN) says the outlook for the production sector in 2024 may not be a positive
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to intensify efforts
Dangote Industries Limited (DIL) says over $687 million has been repatriated to the Central Bank of Nigeria (CBN), so far,
The Central Bank of Nigeria (CBN) has started clearing the foreign exchange (FX) forwards backlog in banks. Payment commenced on
JP Morgan, a US multinational financial services firm, projected the naira would trade at about N850 to the dollar before
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