News
Forex repatriation: CBN to commence payment of N65 rebate to exporters next week
The CBN governor expressed the bank’s determination to ensure the success of the initiative The Central Bank of Nigeria (CBN) has announced that ...
News
Nigeria: CBN Approves DLM Capital Group Acquisition of Links Micro Finance Bank
Prominent Development Investment Bank, DLM Capital, has received the final approval of the Central Bank of Nigeria (CBN) for its acquisition of Links Microfinance ...
News
Nigeria: GTCO Shareholders Settle for N3 Dividend per Share
Shareholders of Guaranty Trust Holding Company (GTCO) on Friday unanimously endorsed the payment of a total dividend of N3 per share for the ...
News
Nigeria: SEC raises concerns over mountain of unclaimed dividends in Nigeria
The Securities and Exchange Commission (SEC) has voiced concern about the market’s high proportion of unclaimed dividends. This was disclosed by Mr. Lamido ...
News
Nigeria: NDIC deploys SCV to safeguard microfinance banks’ customers from bank failure
The Nigeria Deposit Insurance Corporation (NDIC) has created a Single Customer View (SCV) platform that will be deployed to microfinance banks to avoid ...
News
Infrastructure: CBN, InfraCorp conclude plans with Asset managers
The Central Bank of Nigeria, CBN and Infrastructure Corporation (Infracorp) of Nigeria has concluded plans with four independent Asset managers on how to ...
News
Nigeria: Currency in circulation falls by N42.43bn in two months
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed ...
News
Nigeria: Google to launch subsea cable in Nigeria, to increase internet speed and create 1.6million jobs
Google has revealed that its Equiano subsea cable which is being launched at different points on the African continent, is expected to launch ...
Innovation
Nigeria: MainOne expands Digital footprint with the launch of MDXi Lekki II Data Center
The new Lekki II Data Center offers open access connectivity to all the leading telecom networks in Nigeria with established presence on the ...
News
Nigeria: CBN extends interest rate forbearance by one more year
The CBN charges 9% for the loans but reduced it to 5% when the pandemic struck in 2020. The CBN has extended the ...