Finance

The Central Bank of Nigeria (CBN) has admitted there is scarcity of naira notes in the country, even as the...

…and indication of $520m fall in five weeks

According to the Central Bank of Nigeria (CBN) “counterfeit banknotes, especially higher denominations, are in circulation. The CBN statement today...

Earlier this week, the Nigeria Interbank Settlement System Plc (NIBSS) issued a directive on Payment Solution Service Providers (PSSP), removing...

A recently conducted perception survey by the Strategy & Intelligence Service unit of Nigeria`s leading Perception Consulting firm CMC Connect...

FSDAi Nyala Facility BV has extended a USD 1 million loan to WIC Capital, a local capital provider investing in...

The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks to disconnect non-deposit Financial Institutions (FIs) from transfer list. The NIBSS...

The Nigerian currency, the naira, succumbed further to pressure as it lost 17.91 per cent in exchange value against the...

Information available to Techeconomy shows that importers will pay more import duty for the clearance of their cargoes at the...

African Export-Import Bank (Afreximbank’s) third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion...

The upgrades are as a result of an improvement in the Group’s credit risk and liquidity risk management.

The rise in deficit spending was driven by 20.5 per cent increase in expenditure which moderated the impact of a...

The naira appreciation followed a moderation in dollar demand at the official foreign exchange (FX) market.

Stanbic IBTC Holdings PLC was recently recognised as ‘Bank of the Year in Nigeria’ by The Banker magazine, a publication...

In a significant milestone demonstrating the benefits of digital currency transactions, SC Ventures by Standard Chartered Bank and Giesecke+Devrient (G+D) have completed a...