The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to adopt a more balanced policy direction that will make credit more affordable …
CBN
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BankingEconomyFinanceGovernanceMonetary PolicySMEs
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CBNEconomyForeign ExchangeNigeriaRemittances
Nigeria’s Diaspora Remittances Hit $600 Million Monthly, CBN Governor Says
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that diaspora remittance inflow into the country has seen a significant increase, rising from $200 million to …
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BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
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CurrencyDebt Management,EconomyFinancePoliciesPublic Safety
Naira Shines in Security but Needs Respect, CBN Advises Nigerians
The Central Bank of Nigeria (CBN) has told Nigerians to treat the naira with more respect, saying it is one of the strongest currencies in the world when judged by …
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BusinessFinance & ServicesFintechInnovationTechnology
Compliance Pressure on Fintechs Rising as Nigerian Startups Turn to RegTech and AI Solutions
Kayode Opeyemi, a former consultant with KPMG and now a respected expert in financial technology and risk management, has shared deep insights into how Nigerian startups are dealing with compliance …
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BusinessDevelopmentEconomyFinance & ServicesPolicies
High Interest Rate Now Top Challenge for Nigerian Businesses – CBN Survey
Businesses across Nigeria say high interest rates have become the most severe challenge affecting their operations, surpassing long-standing problems like insecurity and poor electricity supply. This was revealed in the …
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesNigeria
CBN Clears Air on NRBVN Charges, Says No Hidden Fees for Bank Verification Number
The Central Bank of Nigeria (CBN) has dismissed claims of hidden charges in the Bank Verification Number (BVN) process, assuring Nigerians that the enrolment remains free for residents in the …
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EconomyFinance & ServicesGOVERNMENTPoliciesTechnology
FG Launches REV-OP to Tackle Revenue Leakages and Boost Transparency
The Federal Government of Nigeria has officially launched the Revenue Optimisation and Assurance Project, popularly called REV-OP, as a new step to reduce revenue leakages, improve transparency, and strengthen Nigeria’s …
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Finance & ServicesMobile Telecommunications Network (MTN)NigeriaTechnology
Telecom Operators Now Collect USSD Charges Directly From Airtime
elecommunication companies in Nigeria will now receive payment for Unstructured Supplementary Service Data (USSD) services directly from customers’ airtime, based on a new billing model approved by the Nigerian Communications …
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Access BankBanking, Finance & InvestmentBusinessEconomyFinance & ServicesZenith Bank
Zenith, Access Lead Banks That Have Met CBN’s N500bn Capital Requirement
A new report by Proshare has revealed that only two Tier 1 banks — Zenith Bank and Access Holdings — have crossed the N500 billion share capital and share premium …