The Central Bank of Nigeria (CBN) has assured that the old N200, N500, and N1,000 naira notes would be phased out gradually while issuing new currencies.
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As the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) meets on Tuesday (today), a rate hike of 50bps is expected, Nairametrics has projected.
The Nigerian banks are strategically gearing up for a major capital raise in response to various factors shaping the country’s economic landscape, Nairametrics has reported.
An Economist, Dr Muda Yusuf, has charged the monetary authorities to provide a sustainable intervention framework, to ensure the moderation of current volatility in the foreign exchange market.
ASHENEWS reports that the Dangote Industries Limited (DIL) and the Niger state government are strengthening existing ties to explore fresh investment opportunities in the state.
The Naira on Friday depreciated against the dollar, exchanging at N777.82 at the Investors and Exporters window.
Africa’s money application, Kuda Bank, has launched a multichannel campaign dubbed ‘Cash Is Hard Kuda Is Easy’ to raise awareness of the benefits of cashless payment solutions.
A Federal High Court Abuja has threatened to issue a warrant of arrest against the suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over his failure to appear in court to explain circumstances surrounding the $53 million Pars Club refund judgment debt.
Guaranty Trust Bank Ltd. has been recognised as the”Best Bank in Nigeria” at the Euromoney Awards for Excellence 2023.
The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira.