News
Nigeria: CBN Affirms Fulfillment of Statutory MPC Meeting Requirements
The Central Bank of Nigeria (CBN) has stated that it has fulfilled the statutory meeting requirements of the Monetary Policy Committee (MPC) for ...
News
Nigeria: Naira Sees Upswing to N794 Amid CBN’s Total Reform Plan
Exchange rates in various foreign exchange markets have experienced fluctuations as part of the Central Bank of Nigeria’s (CBN) plan to enhance the ...
News
Nigeria: Surge in Short-Term Interest Rates as Banks Channel Excess Funds to CBN
Short-term benchmark interest rates have experienced a significant upswing, reaching double-digit highs, amid a weakening liquidity profile in financial markets. The strain on ...
Nigeria
Nigeria: CBN Urges Banks to Recapitalize for $1 Trillion Economy Goal
The Central Bank of Nigeria (CBN) has issued a directive instructing banks to strengthen their capital base in alignment with the envisioned one ...
News
Nigeria Explores BRICS Membership in Next Two Years
Nigeria is contemplating joining the BRICS group of nations within the next two years, as reported by Bloomberg. The Minister of Foreign Affairs, ...
Ethopia
Ethiopia: EthSwitch Drives Over 92 Billion Birr in Interoperable Transactions
EthSwitch, the national switch operator in Ethiopia entrusted with fostering interoperability among financial institutions, has disclosed a noteworthy achievement, facilitating interoperable transactions totaling ...
Nigeria
Nigeria: Fez Expands Last Mile Delivery Services with New UK Logistics Hub
Nigerian last-mile delivery startup, Fez Delivery, has recently launched its UK-Nigeria Shipping service, marking a significant milestone in the company’s expansion. This move ...
News
Nigeria: Naira slips to N956/$ as Dollar Supply Declines by 46%
On Thursday, the naira experienced a decline to N956/$ on the official Investor and Exporter forex window, signaling a significant 13.78% drop from ...
News
Nigeria: Central Bank of Nigeria Sells Treasury Bills at Higher Rates in Recent Auction
The Central Bank of Nigeria (CBN) increased spot rates on Treasury bills by 100 basis points in the latest primary market auction, according ...
Nigeria
Nigeria’s Presence on Money Laundering List Hampers Foreign Investment, Say Stakeholders
Stakeholders have expressed concerns over the impact of Nigeria’s continued presence on the global money laundering list, compiled by the Financial Action Task ...