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After CBN Instruction, OPay Sends Message to Customers on Funds in Their Account

Opay has sent a clear message to its customers regarding funds in their accounts after the Central Bank of Nigeria issued new instructions to Finechs.

Nigeria , Nigerians , Nigerian , Chibuzo-efomi , Dave-ibemere , Bank-verification-numbers-bvns , Pinterest , Central-bank , Payment-system-management-department , National-identity-numbers-nins , Regulation-department , Facebook

FG Moves to Merge CBN's NIRSAL Microfinance Bank With Bank of Agriculture

The Nigerian government is considering the merger of CBN's NIRSAL Microfinance Limited with the Bank of Agriculture to boost food security in Nigeria.

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Nigeria Spends $3.5 Billion Repaying IMF, World Bank, Other Loans in 2023

The federal government of Nigeria spent about %3.509 billion on debt servicing in 2023, a 55% increase from the 2022 figure, showing a dependence on external loans.

China , France , Nigeria , Nigerian , Chinese , Pascal-oparada , Bola-tinubu , Central-bank , Facebook , Debt-management-office , World-bank , International-market

CBN Speaks on Alleged Ban of Bybit, Kucoin, Other Cryptocurrency Platforms After Sanctioning Binance

A recent letter allegedly intended for banks, non-bank financial institutions, and other financial institutions has been deemed fraudulent by the CBN.

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Meet Olusegun Alebios, First Bank's New MD/CEO, His CV Very Impressive

First Bank of Nigeria Limited (FirstBank Group) has announced a new leader at the helm of affairs, Adesola Adeduntan, following the resignation of its MD/CEO.

Nigeria , Lagos , Nigerian , Nigerians , Adesola-adeduntan , Dave-ibemere , Olusegun-alebiosu , Olusegun-alebios , Institute-of-chartered-accountants , Standard-chartered-bank , Oceanic-bank-plc , International-law

Report: Naira Faces 2 New Threats As Dollar Value Rises in Official and Unofficial Markets

In recent days, the Naira has depreciated against the US dollar in the official markets after weeks of an unprecedented rally, causing concern among Nigerians.

United-kingdom , Nigeria , Lagos-state , Lagos , Nigerian , Kashim-shettima , Stanley-nkwocha , Dave-ibemere , Bloomberg , Nigerian-autonomous-foreign-exchange-market , Twitter , Goldman-sachs

Naira Loses Ground Against The Dollar as CBN Speaks on Forex Sale to BDCs

The Nigerian currency, the naira, has crashed against the US dollar as speculations are rife that the CBN is defending the naira with FX reserves

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NPA Secures $700m Facility From Citibank To Rehabilitate Apapa, Tin-Can Ports

The Nigerian Ports Authority has obtained $700 million to rehabilitate the Tin-Can Island, the Apapa ports in Lagos, and ports in the south east.

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Emefiele in Trouble as Dispatch Rider Tells Court How He Collected Dollars in Cash for Ex-CBN Gov

A dispatch rider, Monday Osazuwa, has exposed how embattled former CBN governor, Godwin Emefiele, used to send him to collect dollars in cash on different occasions.

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BDCs Send Message to CBN on Use of Foreign Currency as Collateral as Naira Opens Strong Against USD

The Association of Bureau de Change Operators of Nigeria (ABCON) has thrown its weight behind CBN's policy banning banks from using FX as collateral.

South-africa , Nigeria , Nigerian , Pascal-oparada , Olayemi-cardoso , Aminu-gwadabe , Central-bank , Bureau-de , Governor-of-the-central-bank , Bureau-de-change , Leaders-awards-present-entrepreneurs , Change-nigeria