Banks Tighten Forex Rules for Customers as Shortages Worsen

Banks Tighten Forex Rules for Customers as Shortages Worsen By Chuks Emele Nigerian banks are tightening rules for customers seeking … More

First, Zenith Banks Cut Dollar Spend on Payment Cards

First, Zenith Banks Cut Dollar Spend on Payment Cards By Sahabi Abdul Two of Nigeria’s top lenders, Zenith Bank and … More

As PTA Applications Go Online, Know the Key Steps

As PTA Applications Go Online, Know the Key Steps  By Chuks Emele The Central Bank of Nigeria has decided to … More

Naira Records Biggest Daily Fall in Importers-Exporters Market

By Bashir Olanrewaju Naira Records Biggest Daily Fall in Importers-Exporters Market The naira fell 1.68 percent on Thursday to 422.07 … More

Nigeria Central Bank Holds Rate, Concern Shifts to Naira

By Bashir Olanrewaju Nigeria Central Bank Holds Rate,  Concern Shifts to Naira The Central Bank of Nigeria’s Monetary Policy Committee … More

Banks Start Dollar Sale as CBN Tackles Parallel Market

Banks Start Dollar Sale as CBN Tackles Parallel Market By Chuks Emele Nigerian banks are starting direct sale of foreign … More

Nigeria Remittance Flows Declined 27.7% in 2020, World Bank Says

Nigeria Remittance Flows Declined 27.7% in 2020, World Bank Says By Bashir Olanrewaju Remittance flows into Nigeria fell 27.7 percent … More

Court Grants Request to Freeze 193 Accounts Over Alleged Forex Fraud

Court Grants CBN Request to Freeze 193 Accounts Over Alleged Forex Fraud By Sahabi Abdul Nigeria’s federal high Court in … More

Big Brother’s Creeping Fascism as CBN Eyes Dollar Accounts

Big Brother’s Creeping Fascism as CBN Eyes Dollar Accounts By Young Radikum The latest is that Big Brother wants to … More

Nigeria Names PayPal, Etranzact, Interswitch for Money Transfers

By Sahabi Abdul U.S. payments giant PayPal and local counterparts including Interswitch, Etranzact and Flutterwave are among 47 companies authorized … More

CBN Dangles Reward for Remittances, Eyes $34 Billion

By Sahabi Abdul The Central Bank of Nigeria is offering a reward for diaspora remittances made through official channels as … More

CBN Bars Banks From Aiding Crypto-Trading

By Chuks Emele The Central Bank of Nigeria asked financial institutions in the country to desist from dealing in or … More

Markets at a Glance

Thursday, 7 January 2020 EQUITIES • The All-Share Index rose 0.31% to40,590.85 with market capitalization at 21.22 trillion naira. • … More

What’s Naira’s Real Exchange Rate?

By Our Reporters Tuesday, 6 October 2020 The answer to this headline question depends on the respondent. As at today, … More

Markets at a Glance

Wednesday, 30 September 2020 EQUITIES • The All-Share Index gained  0.83% to 26,831.76 with a market capitalization at 14 trillion … More

Weekly Nuggets

Saturday, 12 September 2020 Nigerian Manufacturers Say Unsold Goods at an All-Time High  The Manufacturers Association of NIgeria said unsold … More