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From $4,000 to zero: Banks cut dollar spend on naira card

With the suspension by some deposit money banks of the usage of…

4 Min Read

External reserves loses 2% value year to date

Nigeria’s external reserves have lost over two percent of its value since…

4 Min Read

MFS Africa completes acquisition of Nigerian super-agent network, Baxi

MFS Africa, the largest pan-African digital payments hub, on Monday announced that…

2 Min Read

N15 trillion Infraco: How CBN, banks are changing infrastructure landscape

Development financing is one of the requirements for sustainable economic growth in…

10 Min Read

BDCs seeks CBN’s support to meet retail end FX demand

The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited…

3 Min Read

Remittance inflows surge on naira-4-dollar scheme – CBN

The Central Bank of Nigeria (CBN) says it has seen a surge…

5 Min Read

Naira stable at I&E window on CBN’s demand management policy says Emefiele

Naira has remained largely stable at the Investors and Exporters (I&E) window,…

4 Min Read

Bank loans at risk as businesses struggle

The rising energy costs and other challenges facing businesses in Nigeria may…

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