Online News Magazine
Online News Magazine
The resolve of the Federal Government to grow the economy to $1 trillion mark has been adjuged achievable with a right mix ofstragies, policies, determination, and growth measures. According to the Group Managing Director of United Bank for Africa (UBA), Oliver Alawuba, who stated this at the weekend in his kynote addrss during the 2024 […]
The Vice President, Senator Kashim Shettima has commended the Development Bank of Nigeria Plc (DBN) for its numerous initiatives in catalysing the growth of Nigeria’s micro, small and medium enterprises (MSMEs). Represented by Dr. Tope Fasua SA to the President on Economic Affairs, Shettima described the Bank’s achievements since its establishment in 2014 as “significant […]
PalmPay, a premier Africa-focused payment platform, proudly celebrates its fifth anniversary in the Nigerian market. Since its launch, PalmPay has achieved significant milestones in its mission to enable financial inclusion and strengthen Nigeria’s financial ecosystem. Amidst the celebration, PalmPay extended gratitude to its extensive network of users and merchants, whose trust and dedication have propelled […]
PalmPay, a premier Africa-focused payment platform, proudly celebrates its fifth anniversary in the Nigerian market. Since its launch, PalmPay has achieved significant milestones in its mission to enable financial inclusion and strengthen Nigeria’s financial ecosystem. Amidst the celebration, PalmPay extended gratitude to its extensive network of users and merchants, whose trust and dedication have propelled […]
Central Bank of Nigeria (CBN) has introduced an electronic foreign exchange matching system in the interbank foreign exchange market. The apex bank disclosed this in a circular to all authorised dealers titled, ‘Introduction of the electronic foreign exchange matching system in the interbank foreign exchange market’, signed by the Director, Financial Markets Department, Omolara O. […]
Central Bank of Nigeria (CBN) has introduced an electronic foreign exchange matching system in the interbank foreign exchange market. The apex bank disclosed this in a circular to all authorised dealers titled, ‘Introduction of the electronic foreign exchange matching system in the interbank foreign exchange market’, signed by the Director, Financial Markets Department, Omolara O. […]
The Central Bank of Nigeria, (CBN) in its efforts to providing liquidity to the Bureau De Change (BDC) Operators segment of the foreign exchange market, has approved the sale of US$20,OOO.OO. This will be sold to each eligible BDC at the rate of NI,590/$. In a statement signed by Dr. W. J. Kanya, Acting Director, […]
The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024. The withdrawal is in response to certain instances of misinterpretation or misrepresentation of the document. The apex bank took the decision to minimise the risk of any further misrepresentation. […]
Jaiz Bank, Nigeria’s pioneer Non-Interest Bank, has emerged the global Most Promising Islamic Bank in 2024. The Global Islamic Finance Awards (GIFA) yesterday announced Jaiz Bank the overall winner in this category over two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) and awards ceremony in the picturesque Republic of Maldives. […]
The Presidency has denied a report that President Bola Ahmed Tinubu told the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to resign as a result of the continued fall of naira in the foreign exchange market. Some online reports claimed that President Tinubu had ordered Cardoso to resign his appointment as the CBN governor […]
