Banking & Finance
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111CBN Sets Jan 31 Deadline for FX Compliance Reports
The Central Bank of Nigeria has directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria...
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121Forex Spending on Foreign Education, Health Defy Naira Depreciation
Despite the over 30 per cent depreciation of the naira, Nigerians increased spending on foreign education and health services by 26 per...
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132PenCom Releases Additional ₦22b for Pension’s Settlement
The National Pension Commission (PenCom) said Office of the Accountant General of the Federation (OAGF) has released an additional N22 billion as part...
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83SEC Warns Nigerians Against Investing with Risevest, Stecs
The Securities and Exchange Commission (SEC) has cautioned Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and...
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162Nigeria’s FX Reserves Plunge by $832m in Two Weeks
Nigeria’s foreign exchange reserves have recorded a significant decline within two weeks this January, dropping by $832.62m between January 6 and January...
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176
CBN Unveils Nigerian FX Code to Guide Market Participants, Curb Distortions, Others
The Central Bank of Nigeria (CBN) has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the...
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133FG Secures $134m from AfDB to Boost Food Production
The federal government has revealed that it secured a $134 million loan from the African Development Bank (AfDB) under the African Emergency...
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130NEITI Expresses Support for Tax Reforms Bills, Wants Policy Gaps Plugged
The Nigeria Extractive Industries Transparency Initiative (NEITI) has backed the tax reform bills currently before the National Assembly. NEITI also identified areas...
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122CBN Unveils Strategy to Tackle Naira Commoditisation
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled a comprehensive strategy to tackle on-going commoditisation of the naira,...
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125Driving Financial Inclusion With Nigeria’s New Multipurpose Payment Card
The federal government has declared the introduction of the much-awaited multi-purpose national payment card as one of the major policies that would...
