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Nigeria: Bureau De Change Operators Highlight Diversion of Diaspora Remittances by Fintechs and Unlicensed Online Firms
Bureau De Change Operators (BDCs) in Nigeria have joined the Acting Governor of the Central Bank of Nigeria (CBN) in acknowledging the diversion ...
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Nigeria: Access Bank Introduces Custody Services to Enhance Financial Asset Management
In a bid to stimulate growth, extend its reach, and foster advantageous collaborations for its clients and stakeholders, Access Bank has unveiled its ...
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Nigeria: Is an integrated data ecosystem a critical national infrastructure?
Integrated national data ecosystems include a birth and death registry, residency, immigration, tax-related data, credible national identification management system, assets registration, and land ...
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Nigeria: Number of Licensed Insurance Companies Increases to 67 – NAICOM Report
The tally of licensed insurance companies permitted to conduct operations in Nigeria has surged to 67, based on the most recent data disclosed ...
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Nigeria: CBN Extends N37.6 Billion Loans to Mortgage Banks in 2022 – Financial Report
The Central Bank of Nigeria (CBN) disbursed loans and advances totaling N37.6 billion to mortgage banks in the year 2022, as indicated by ...
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Nigeria: Naira Gains Ground at Official Market, Trading at 740.67/$
The Nigerian naira exhibited strength against the dollar, marking a positive trajectory on Thursday as it concluded trading at 740.67/$ on the Investor ...
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Nigeria: Decline in Currency in Circulation Recorded After Five Months
The total currency in circulation within the country has experienced a decline, moving from N2.6tn (N2,603,266m) at the close of June 2023 to ...
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Nigeria: Repayment of $3.4 Billion IMF Loan Set During Bola Tinubu’s Administration
The present administration under Bola Tinubu is anticipated to fully settle a $3.4 billion debt owed to the International Monetary Fund (IMF) during ...
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Nigeria: CIBN Commends CBN’s Exchange Rate Unification Efforts, Highlights Positive Outcomes
The Chartered Institute of Bankers of Nigeria (CIBN) has lauded the initiatives led by President Bola Tinubu aimed at stabilizing Nigeria’s foreign exchange ...
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Nigeria: CBN Revives BDC Operations and Introduces New Mechanism for Bureau De Change Activities in Nigeria
The Central Bank of Nigeria (CBN) has taken significant steps to enhance the efficiency of the Nigerian Foreign Exchange Market by reintroducing Bureau ...
