In a significant move, the Nigerian Senate has passed an amendment to the 2023 Finance Act, increasing the windfall levy...
Read moreThe Central Bank of Nigeria (CBN) has raised the interest rate by 50 basis points, bringing it to 26.75%. This...
Read moreIn a significant move to bolster their technological capabilities, three major Nigerian banks—GTCO, Access Holdings, and Fidelity Bank—are set to...
Read moreThe Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators...
Read moreIn a surprising move, the People's Bank of China (PBOC) has slashed its key short-term policy rate and benchmark lending...
Read moreAs of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1%...
Read moreNigeria’s leading commercial banks have reported substantial foreign exchange (FX) revaluation gains, amassing a combined total of N3.37 trillion in...
Read moreIn the first quarter of 2024, Nigeria witnessed a notable rise in Point-of-Sale (POS) fraud cases, emphasizing the urgent need...
Read moreThe Corporate Affairs Commission (CAC) has announced plans to cancel the certificates of incorporation for Bureau De Change (BDC) operators...
Read moreThe amount of currency circulating outside the Nigerian banking system surged to a new peak of N3.71 trillion in May...
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