Banking & Finance
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339e-Payment Transactions Surge by 89.3% to ₦234tr in Q1 2024
Electronic payment (e-Payment) transactions in Nigeria witnessed a remarkable surge in the first quarter (Q1) of 2024, hitting a total of N234...
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178Nigeria Secures $2.25b World Bank Credit
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, said the federal government had secured a $2.25 billion single-interest loan...
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379Exchange Commission moves to curb illicit funds in banking recapitalisation
The Securities and Exchange Commission has revealed its stance against the admittance of illicit funds into the capital market through the fresh...
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146Central Bank Scales Down Loans to Deposits Rate
The Central Bank of Nigeria (CBN) in a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the...
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184Central Bank Prohibits Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria (CBN) has written to all banks in Nigeria to discontinue the use of foreign currencies as collateral...
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388Central Bank Sells Dollar to BDCs at ₦1,101/$1
The Central Bank of Nigeria (CBN) has again crashed dollar to naira rate by announcing the sales of dollars to Bureau De...
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184Bank Recapitalisation: Expert Lists Pros and Cons
A former Executive Director, Corporate Banking and South, Keystone Bank, Yemi Odusanya, says the capital raise by the Central Bank of Nigeria...
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183Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors...
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202Weekly Market Report: Mixed Performances Across the Globe
Global Economy According to final data from the Bureau of Economic Analysis (BEA), the United States (US) economy grew by 3.4% in...
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216Visa and Mastercard agree to $30b settlement that will lower merchant fees
Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have...
