President Muhammadu Buhari on Monday formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira. The Central Bank of Nigeria had earlier announced...
Nigeria’s foreign exchange reserves gained $3.98bn in three weeks, rising above the $40bn mark, the Central Bank of Nigeria has said. External reserves are a nation’s...
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding to...
The Federal Government has budgeted an estimated N104 billion on purchasing generators, fueling and servicing them for Federal Ministries, Departments and Agencies. This is contained in...
Nigeria must produce locally and export the products to gain foreign exchange in order to strengthen the depreciating Naira, the President of Chartered Institute of Bankers...
FSD Africa, the UK Government’s flagship financial sector programme in Africa, is making an initial investment (£650,000) in a highly innovative digital solution connecting carbon credits...
The Nigeria Deposit Insurance Corporation (NDIC) has paid a total of N101.67 billion in uninsured sums to depositors of failed banks as of June 30, 2021,...
Nigeria’s importation of wheat costs about $2 billion annually, thereby exerting pressure on the country’s food import bill, the Central Bank of Nigeria has said. The...
The much-anticipated launch of Nigeria’s digital currency scheduled on Independence Day has been suspended, the Central Bank of Nigeria announced on Thursday. The suspension was announced...
Ahead of the official launch of e-naira on October 1, 2021, the Central Bank of Nigeria (CBN) has said the legal tender which equals to the...