Former Nigerian Finance Minister Lands World Bank Job Amid Controversy
Justice Godfrey Okamgba According to reports, Zainab Ahmed, the former Minister of Finance, has secured a job as an Alternate Executive…
CBN
CBN says Borrowing now Expensive as Banking Industry Growth Slows
According to Aishah Ahmad, the Deputy Governor of the Financial System Stability Directorate at the Central Bank of…
World Bank Warns of Potential Increase in Poverty amid Removal of Fuel Subsidy
According to the World Bank, if the Nigerian government doesn’t compensate or provide support, approximately 7.1 million impoverished…
CBN Resumes Offer Quotes for Naira-Settled OTC FX Futures
The recent announcement by the Central Bank of Nigeria (CBN) indicates that it will resume providing offer quotes…
Building Resilience in FinTech Business (Part Two): Risk Management and Compliance
Techeconomy By: Fintech Association of Nigeria The ever-changing regulatory climate necessitates the need for prudent risk management and compliance,…
Bank of America: Naira Undervalued After Foreign Exchange Reform
The Bank of America (BoA) has stated that it considers the Nigerian currency, the naira, to be undervalued…
PalmPay Reaches 25m Nigerian Users, Focusing on Financial Inclusion
PalmPay, an Africa-focused fintech platform, announced on Tuesday that it has achieved a user milestone of 25 million…
PZ Cussons Warns of Potential Revenue Losses Due to Currency Volatility
PZ Cussons, the company behind Carex soap and Imperial Leather, has cautioned that the volatility of the Nigerian…
Subsidy Removal: $800m Loan was Granted in 2021, says World Bank
In a recent event assessing Nigeria’s economy over the past six months, the World Bank clarified that the…
Data Harmonization: CBN Doesn’t Need to Collect Social Media Handles
In a move that has raised concerns among Nigerians, the Central Bank of Nigeria (CBN) recently mandated commercial…
Tinubu in Paris: “Financial System Under Emefiele was Rotten”
President Bola Tinubu has expressed his concerns about the state of Nigeria’s financial system under the leadership of…
CBN Mandates Banks to Obtain Customers’ Social Media Details
The Central Bank of Nigeria (CBN) has issued new regulations requiring commercial banks to collect additional customer information,…
Fighting E-Fraud will Boost Consumer Confidence in Digital Economy, says Begho
Nkemdilim Uwaje Begho, Managing Director/CEO of Future Software Resources, has underscored the pivotal significance of countering e-fraud on…
Enhancing Cross-Border Payments in Africa
Cross-border payments in Africa have long been plagued by challenges such as currency incompatibility, limited interoperability, and high…
FX Unification Will Open the Door of Opportunity for Nigeria
The Central Bank of Nigeria’s (“CBN”) announcement of “operational adjustments to the foreign exchange market” last week is,…