Money market rates, specifically the overnight lending rate and open repo rate, declined this week, supported by inflows from the Federal Accounts Allocation ...

The Central Bank of Nigeria (CBN) announced on Saturday that it has been engaged in consultations since February 2023 to secure Nigeria’s removal ...

Starlink has announced a temporary suspension of its recent price hike in Nigeria as it addresses ongoing regulatory issues. “Last month, we increased ...

The National Bureau of Statistics (NBS) has announced that its planned rebasing of Nigeria’s Gross Domestic Product (GDP) will provide a more accurate ...

The rapid rise of mobile money across Africa in recent years has transformed the savings landscape, marking a significant shift toward financial inclusion. ...

FirstBank, a prominent Nigerian financial institution, has announced it will transition to a new cloud-based procurement and financial platform to boost operational efficiency ...

The Central Bank of Kenya (CBK) has reduced its benchmark interest rate by 75 basis points to 12% in its October 8, 2024, ...

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 ...

The Central Bank of Nigeria (CBN) has initiated targeted engagements with the Nigerian diaspora to enhance remittance flows into the country, aiming to ...

The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin a gradual phase-out of old naira notes and ...