GTCO’s Fintech Subsidiary HabariPay Initiates Recovery of ₦1.1 Billion Mistakenly Sent to Customers
HabariPay, the fintech arm of Guaranty Trust, has started legal proceedings to recover ₦1.1 billion ($1.1 million) that was mistakenly...
Banking Liquidity Surges to Over ₦1 Trillion Amid Strong Inflows
Liquidity in Nigeria’s banking sector has surged significantly, reaching ₦1.2 trillion, marking a 62.4% increase on a week-to-week basis, according...
Naira Loses Over Half of Its Value in Cardoso’s First Year as CBN Governor
In the one year since Yemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN), the naira...
Naira Faces Pressure in Black Market as U.S. Dollar Strengthens
The Nigerian naira remained under pressure in the parallel forex market on Thursday, trading flat at N1,660 per U.S. dollar,...
PZ Cussons Plans Africa Exit Amid Naira Depreciation
PZ Cussons Plc, the parent company of PZ Cussons Nigeria, has announced plans to sell its African subsidiaries, citing the...
Naira Under Pressure as U.S. Dollar Strengthens After Fed Rate Cut
The Naira continued to face significant pressure in the parallel market, trading steadily at N1,660/$1 against the U.S. dollar on...
Naira Drops to N1,656 at I&E Window Amid Volatility, Hopes for Recovery Linked to U.S. Fed Decision
The Nigerian naira depreciated further against the U.S. dollar, closing at N1,656.49 on September 17, 2024, at the official Investor...
Naira Falls Over N100 at Official Market Amid U.S. Interest Rate Speculations
The Nigerian Naira has depreciated significantly against the U.S. dollar, losing more than N100 at the official exchange window. According...
Binance Sets Conditions for Registering Under Nigeria’s SEC Crypto Program
Cryptocurrency giant Binance has outlined two key conditions that must be met before it considers registering under Nigeria's Securities and...
Nigeria’s Inflation Rate Drops to 32.15% in August 2024: NBS Report
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s inflation rate, which eased to 32.15% in August...
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