Online News Magazine
Online News Magazine
The 2024 Cybersecurity Conference, organized by the Central Securities Clearing System PLC (CSCS) and the Office of the National Security Adviser (ONSA), has been successfully concluded in Abuja. The event brought together experts from the military, technology, finance, and government sectors to explore how artificial intelligence (AI) can safeguard critical infrastructure against increasingly sophisticated cyber […]
The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. The apex bank recognises the crucial role that confidence plays in banking operations and wants to affirm that all deposits in Nigerian banks are secure. According to a statement issued […]
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking. Addressing members of the Harvard Club of Nigeria in Lagos at the weekend on the topic: […]
The Central Bank of Nigeria (CBN) has sold a total of US$543.5 million (Five Hundred and Forty-Three Million, Five Hundred Thousand US Dollars Only) from September 6th to 30th, 2024, to Authorized Dealers to reflate the direct market. The CBN sold the forex to the dealer banks through two-way quotes at the Nigerian Foreign Exchange […]
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. […]
