Nigeria Inflation Rate Rises to 25.8% in August 2023
The figures released by NBS on Friday indicates a high in inflation rate for the Africa’s largest economy in close to two decades.
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Tech | Business | Economy
ColorMag Dark
Tech | Business | Economy
CBN
How to Send US Dollars, other Foreign Currencies to Nigeria
Writer: TOLULOPE OLANIYI More than US$20 billion dollars was remitted into Nigeria last year by the nearly 1.5 million Nigerian migrants
Flutterwave Introduces Revolutionary FX Solution: Swap
Unlike conventional payment platforms, Swap is not just another payment solution—it’s a commitment to reimagine foreign currency exchange, with promises of accessibility, transparency, and cost-effectiveness in a secure, reliable, and regulatory-approved environment
Qore – Banking-as-a-Service (BaaS) Solution that Automates Operations for Financial Institutions
The evolution of online and digital banking has spurred a whole new set of expectations among customers, especially around Digital
CBN Spent N74bn on Naira Redesign, New Notes in 2022
The CBN spent 40.42 per cent more than the N53.29bn it spent in the preceding year, to rollout the naira in different denominations.
CBN Denies Issuing Fresh Guidelines on Forex Sale to BDC Operators
The Central Bank of Nigeria (CBN) has refuted reports that it unveiled a series of fresh operational guidelines for forex
CBN Spends N40 Billion on Staff Loans in 2022
Despite providing N155.63 billion for staff allowances in 2022, which included categories like furniture, housing, leave, transport, productivity allowances, and other payments, the CBN recorded a high level of debt
Naira Hits All-time-low of N950/$ at Parallel Market
Also, on Thursday, the CBN declared a consolidated Group and Bank’s profit of N103.85 billion and N65.62 billion respectively for its 2022 financial year.
Subsidy Removal | Exchange Rate Floating as Opportunities in the Fixed Income Market
Writer: LAURA FISAYO-KOLAWOLE, Head, Equities and Alternative Asset Solutions at FBNQuest Asset Management. The financial industry in Nigeria has experienced
CBN Aims for 95% Financial Inclusion by 2024
The Central Bank of Nigeria (CBN) has announced that it has achieved a significant milestone of 64.1% financial inclusion. Financial
CBN Revolutionizes eNaira Mobile App with NFC Technology
The Central Bank of Nigeria (CBN) has reaffirmed its unwavering commitment to the central bank digital currency (CBDC) project, despite
Prince Trust International Launches in Nigeria, Aims to Combat Youth Unemployment
Coronation Group, Africa’s investment management group, and the Aig-Imoukhuede Foundation, a philanthropic organisation founded to improve the lives of Africans
Nigeria’s Foreign Exchange Reforms Expected to Boost Capital Importation in 2023
As a result of recent foreign exchange management reforms by the Nigerian government, analysts at Afrinvest have projected a base
CBN Revokes Licenses of 2,698 Bureau de Change Operators
In a significant move, the Central Bank of Nigeria (CBN) has announced the withdrawal of operating licenses from 2,698 Bureau
Why Nigeria’s Headline Inflation Rose to 22.79% in June 2023
Nigeria’s headline inflation continued its upward trend, reaching 22.79% in June 2023, compared to 22.41% recorded in May 2023, according