Money
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Money
CBN Issues Open Banking Guidelines To Boost Competition
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance…
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Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in…
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UBA Upgrades Chatbot Features, As Leo Launches Service On Google Business Chat, Instagram
Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced the expansion of the services of Leo, its Artificial…
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Inflation Hits 16.82%, Exceeds IMF’s 2022 Projection
The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March, latest figures from…
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Dollar Hits N600 At Parallel Market, Forex Supply Shrinks
The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s…
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Development Bank Disburses N1.6bn To LivingTrust MfB
The Development Bank of Nigeria has approved the disbursement of N1.6bn to LivingTrust Mortgage Bank Plc for on-lending to Micro…
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Emefiele Should Resign To Preserve CBN’s Credibility – Experts
CBN Governor, Godwin Emefiele Economic experts at a local think-tank, the Centre for the Promotion of Private Enterprise, have urged…
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BDC Operators Demand New Forex Window Amid Weakening Naira
The Association of Bureaux De Change Operators of Nigeria has called on the Central Bank of Nigeria to establish BDCs’…
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Nigerian Paper Mills Collapse, Imports Hit N297bn In Six Months
…Country Loses N180bn From Collapse Yearly Nigerian paper mills have collapsed years after privatisation, forcing the economy to depend on…
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Money
NDIC Begins Verification Of Depositors In 3 Failed Micro-Finance Banks
The Nigeria Deposit Insurance Corporation (NDIC) said it will kick start c the claims verification of depositors of the three…
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