According to the DMO report, between January and March, 2023, while Nigeria spent N874.13 billion servicing domestic debt, the country also spent $801.36 million (N368.87 billion) servicing external debt, bringing the total amount spent on debt serving in the period to N1.24 trillion.
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The Central Bank of Nigeria (CBN) has limited the daily cumulative and single contactless payments, made through bank accounts or digital wallets to ₦50,000 and ₦15,000, respectively.
The maritime sector will have 40 percent increase as import duty for goods imported to Nigeria, as the Central Bank of Nigeria (CBN) and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to sector.
The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government and stakeholders to empower and support the Micro, Small and Medium Enterprises (MSMEs) for a sustainable future.
A statement by the global bank on Tuesday, said it approved the loan for Nigeria to scale up financing for Nigeria Women Programme, for which $100 million was initially approved on June 27, 2018.
ASHENEWS reports that the Centre for Information Technology and Development (CITAD), has kicked against the Central Bank of Nigeria (CBN’s) mandate to commercial banks to demand social media handles of their customers.
The Central Bank of Nigeria (CBN), and the Bill and Melinda Gates Foundation (BMGF) have finalized arrangements for collaboration on financial inclusion.
The Central Bank of Nigeria (CBN) has mandated financial institutions to obtain the social media handles of customers for the purpose of identification.
The Dangote Coal Mines on Friday, donated health and educational facilities worth millions of Naira to the coal mining communities of Ankpa local government area of Kogi.
EMURGO Africa, a blockchain technology company, in partnership with PricewaterhouseCoopers (PwC) disclosed that Nigeria ranked among the Top 10 worldwide for crypto adoption.