LCCI Calls for Equal Access to FX for Importers by Justice Godfrey Okamgba July 18, 2023 0 Commerce The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the unfair advantage enjoyed by certain importers of ... Read more
CBN Revokes Licenses of 2,698 Bureau de Change Operators by Justice Godfrey Okamgba July 18, 2023 0 Finance In a significant move, the Central Bank of Nigeria (CBN) has announced the withdrawal of operating licenses from 2,698 Bureau ... Read more
Nigeria’s Foreign Exchange Reforms Expected to Boost Capital Importation in 2023 by Justice Godfrey Okamgba July 18, 2023 0 Finance As a result of recent foreign exchange management reforms by the Nigerian government, analysts at Afrinvest have projected a base ... Read more
Why Nigeria’s Headline Inflation Rose to 22.79% in June 2023 by Justice Godfrey Okamgba July 18, 2023 1 News Nigeria's headline inflation continued its upward trend, reaching 22.79% in June 2023, compared to 22.41% recorded in May 2023, according ... Read more
FCMB’s Empowers 3m Nigerians with N105b in Loans by Justice Godfrey Okamgba July 18, 2023 1 Finance FastCash, First City Monument Bank's (FCMB) instant loan solution, has successfully distributed N105 billion in loans to three million Nigerians, ... Read more
African Startup Funding Plunges to $4.1b, Signaling Challenging Times Ahead by Justice Godfrey Okamgba July 17, 2023 0 StartUPs Total funding for African startups experienced a significant decline, dropping by 37 percent year-on-year to $4.1 billion in June 2023, ... Read more
CBN Lowers Cash Reserve Ratio for Merchant Banks by Justice Godfrey Okamgba July 15, 2023 0 Finance The Central Bank of Nigeria (CBN) announced on Friday that it has reduced the Cash Reserve Ratio (CRR) for merchant ... Read more
Wema Bank Lifts Suspension on International Transactions for Naira Cards by Justice Godfrey Okamgba July 14, 2023 0 Finance Wema Bank, a prominent commercial bank in Nigeria, has announced the removal of the suspension on international transactions conducted using ... Read more
Access Bank Expands with Acquisition of Angolan Bank by Justice Godfrey Okamgba July 14, 2023 1 Finance Access Bank, a subsidiary of Access Holdings, has recently made a strategic move to further dominate the African banking space ... Read more
CBN Introduces Naira Payout Option for Remittances by Justice Godfrey Okamgba July 12, 2023 0 Economy In a recent circular, the Central Bank of Nigeria (CBN) has instructed International Money Transfer Operators (IMTOs) to offer remittance ... Read more
Foreign Exchange Reforms: BDC Operators Call for Inclusion, Legislation by Justice Godfrey Okamgba July 12, 2023 1 Economy Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa's biggest economy hopes ... Read more
Lawmakers Demand CBN to Revoke Social Media Disclosure for Customers by Justice Godfrey Okamgba July 12, 2023 0 News2 The House of Representatives has called on the Central Bank of Nigeria (CBN) to halt the implementation of its directive ... Read more
LAPO Disburses Over N74b in H1 2023, Targets N200b by Justice Godfrey Okamgba July 11, 2023 0 Finance LAPO Microfinance Bank Limited (LAPO MfB), a prominent microfinance institution based in Nigeria, has reported that it disbursed over N74 ... Read more
Prince Trust International Launches in Nigeria, Aims to Combat Youth Unemployment by Justice Godfrey Okamgba July 11, 2023 0 Finance Coronation Group, Africa’s investment management group, and the Aig-Imoukhuede Foundation, a philanthropic organisation founded to improve the lives of Africans ... Read more
CBN Seeks Consultant to Implement Payment System Vision 2025 by Justice Godfrey Okamgba July 10, 2023 0 Finance The Central Bank of Nigeria (CBN) has announced its intention to engage a consultant to drive the implementation of the ... Read more