The Nigerian Exchange Limited (NGX) has approved International Breweries’ free float compliance extension request of two (2) years ending 30 July 2024. This was contained in a disclosure on approval of …
Western Africa
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
FCCPC bars Flutterwave, Opay, and others from providing services to loan sharks
The Federal Competition and Consumer Protection Commission (FCCPC), has barred all financial technology companies (Fintechs) to stop providing payment or transaction services to digital money lenders under its investigation. Some of …
- AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
PenCom exempts retirees earning blow N10,000 from pensions
The National Pension Commission (PenCom) says retirees whose retirement savings account (RSA) balances cannot provide a monthly pension of at least one third of minimum wage, can take the whole …
The National Pension Commission (PenCom) has revealed that the total number of registered contributors and the value of pension fund assets in Nigeria stand at 9,795,957 million and N14.27 trillion respectively, …
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CBN set to introduce USSD code for eNaira as transactions hit N4bn
The Central Bank of Nigeria (CBN) says it will roll out the unstructured supplementary service data (USSD) code for eNaira next week. Godwin Emefiele, CBN governor, revealed this on Thursday …
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Cashless Economy: Cheque transactions in Nigeria fall 12% to N240bn
The value of cheque transactions in Nigeria has fallen month-on-month (MoM) by 12 per cent to N240 billion in July from N274 billion in June, as the cashless economy continues …
- AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
Ghana Cedi ranked worst performing currency worldwide after Rupee
The latest report on currency performance by Bloomberg has tagged the Ghana Cedi as the worst performing currency in the world after Sri Lanka’s Rupee. The Ghana cedi has depreciated …
- AfricaAFRICA NEWSBanking, Finance & InvestmentGhanaNewsWestern Africa
Bank of Ghana dismisses reports about freeze on new dollar accounts
The Bank of Ghana has dismissed reports that it has banned the opening of new dollar accounts in the country. In a public notice, the Central Bank said it had …
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Farm gate purchases: FGN sets up committee to implement ban on foreigners
The federal government of Nigeria has set up an inter-ministerial standing committee to oversee the implementation of a memo on the “Promotion of Agri-Business in Nigeria through Right Farm Gate …
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CBN Returns Interest Rate On Intervention Loans To 9%
The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine percent from five percent a circular that was released by the apex bank …