African Export-Import Bank (Afreximbank) has listed the high trade finance gap, estimated at $82 billion, by a recent trade finance survey jointly conducted by the bank and the AfDB
The Nigeria Deposit Insurance Corporation (NDIC) yesterday cautioned bank depositors from falling victim to wonder banks, parading themselves as 'deposit taking' institutions in the country.
Nigeria makes history today as it becomes the first African country to digitise its currency, an exercise the Central Bank of Nigeria (CBN) has described as “one of the milestones of a long journey.”...
Again, despite the plea by Imo State Governor, Hope Uzodimma, to the residents in the 27 local councils of the state, to henceforth, ignore the Indigenous Peoples of Biafra (IPOB) sit-at-home order
Credit rating has been described as the panacea for promoting accelerated funding for economic development and ushering in a brighter future of the capital market.
The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, yesterday, disclosed that the Corporation has paid N11.76billion as insured sums to 535, 815 depositors
Anambra State Government has directed banks, traders, transporters as well as other groups and individuals to resume full economic activity in the state, September 13.
Over six years ago, a cashless policy became totally operational in Nigeria. The aim was to encourage electronic transactions and reduce the amount of physical cash in the economy
The House of Representatives, yesterday, said it had uncovered N10.6 billion unremitted Customs revenue from five commercial banks from 2009 till date.
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and privileges at all times and report breaches to the Apex bank once their rights are violated.
19 Jul 2021
The global economy, in the past one year, buckled under the burden of the coronavirus pandemic. From Europe to America, the numbers have been in the red, tailspinning the national economies to chaos.
7 Jun 2021
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers.