News
Nigeria: $1 Billion Monthly Diaspora Remittance Target Within Reach — CBN Governor Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed confidence in achieving a target of $1 billion in ...
Nigeria
Nigeria: Senate Urges NDIC to Maximize Heritage Bank’s Asset Value for Depositors
The Nigerian Senate has urged the Nigeria Deposit Insurance Corporation (NDIC) to ensure the highest possible value is realized from the remaining assets ...
Nigeria
Nigeria: SEC DG to Address Capital Market’s Role in Wealth Creation at Upcoming Summit
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is set to headline the 13th Annual Conference of the Institute ...
Nigeria
Nigerian Banking Sector Achieves N7.91 Trillion Market Cap Amid New Recapitalization Wave
Nigerian bank stocks on the Nigerian Exchange Limited (NGX) reached a market capitalization of N7.91 trillion as of Friday’s close, fueled by renewed ...
News
Nigeria: Money Market Rates Fall as FAAC Inflows Improve System Liquidity
Money market rates, specifically the overnight lending rate and open repo rate, declined this week, supported by inflows from the Federal Accounts Allocation ...
Nigeria
Nigeria: Cardoso Reports Active Consultations to Remove Nigeria from FATF Money Laundering Watchlist
The Central Bank of Nigeria (CBN) announced on Saturday that it has been engaged in consultations since February 2023 to secure Nigeria’s removal ...
News
Nigeria: Starlink Pauses Price Increase in Nigeria Amid Regulatory Scrutiny
Starlink has announced a temporary suspension of its recent price hike in Nigeria as it addresses ongoing regulatory issues. “Last month, we increased ...
Nigeria
Nigeria: Rebasing Nigeria’s Economy to Enhance Data Accuracy – NBS
The National Bureau of Statistics (NBS) has announced that its planned rebasing of Nigeria’s Gross Domestic Product (GDP) will provide a more accurate ...
News
Nigeria: FirstBank to Launch Cloud-Based Platform, Service Disruptions Expected from October 26 to November 3
FirstBank, a prominent Nigerian financial institution, has announced it will transition to a new cloud-based procurement and financial platform to boost operational efficiency ...
Nigeria
Nigeria’s External Reserves Reach $40.2 Billion, Says CBN
Nigeria’s external reserves have risen to $40.2 billion as of October 18, 2024, according to the Central Bank of Nigeria (CBN). CBN’s Deputy ...