Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.

The Financial Reporting Council of Nigeria (FRC) on Wednesday pointed out that Nigeria was not yet a hyperinflationary economy.Owing to this, the Council, in a press statement signed by its Executive ...

Meanwhile, a promising tech start-up in Lagos seeks bridge funding to scale but has no credit history. These scenarios play out daily across the country where accessing finance remains one of the most ...

Visa invests over $10 million in African fintech Moniepoint to support SME growth across Africa, including introducing ...

Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5% in the third quarter to lift its population out of poverty, its finance minister told Reuters on ...

Olayemi Cardoso, has announced the creation of a new Compliance Department within the bank, which is scheduled to become operational by the end of February 2025.

African fintech company, Moniepoint has secured funding of over $10 million from Visa, bringing its Series C raise to an excess of $120 million. The digital payment company explained that the ...

The Central Bank of Nigeria has countered the World Bank's 3.7 per cent economic growth outlook for Nigeria, stating the ...

ShareWhat do we do to steady the naira to find its stable level in 2025 without fiscal discipline? It’s the economy, stupid!

Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ...

The Securities and Exchange Commission (SEC) has disclosed that banks raised N2.2 trillion from the capital market in 2024 to ...

ShareThe Central Bank of Nigeria (CBN), on Wednesday, announced that it had approved the release of the Nigerian Foreign ...