Development Bank of Nigeria(DBN) has restated its commitment toward empowering Micro, Small and Medium Enterprises (MSMEs) in the North.
Browsing: ECONOMY
On July 16, 2923, Nigeria’s apex bank, the Central Bank of Nigeria (CBN), upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the electronic currency. The feature will enhance the use of the eNaira by Nigerians who do not have smart phones or access to the Internet.
Nigerian President Bola Tinubu has appointed the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), Jim Osayande Obazee, as a Special Investigator to probe the Central Bank of Nigeria (CBN) and related entities.
ASHENEWS reports that the management of Dangote Refinery has denied reports that it neglected youths from Nigeria and other African countries to employ 11,000 expatriates, including Indians and Chinese to build its refinery
The International Monetary Fund (IMF) says global growth is projected to fall from 3.5 per cent in 2022 to 3.0 per cent in both 2023 and 2024.
The Nigerian Exchange Group Plc (NGX Group) on Friday, said it recorded a profit before tax of 700 million in its unaudited results for the half year ended June 30.
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.
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.