African Business | Binance, the world’s largest cryptocurrency exchange, has found itself embroiled in legal battles in Nigeria, as Africa’s most populous nation seeks to clamp...
Bloomberg | Nigeria’s central bank has a new plan to lure US$200 billion of inflows to Africa’s biggest economy: make it attractive for exporters to bring...
Nigeria, will launch its eNaira digital currency on October 1, while Ghana will trial e-Cedi from this month.
The new governor of the Central Bank of Nigeria, Godwin Emefiele, announced his agenda for his five year tenure today. From the press conference held, it...
Nigeria’s new central bank governor began work on Tuesday, starting a fresh chapter in Africa’s biggest economy after his predecessor’s tenure ended in scandal and claims...
Sanusi Lamido Sanusi has said that he has no problem with investigations that are done by the right institutions. The former Central Bank goveror stated, “These...
Nigeria’s top bank, the Central Bank of Nigeria (CBN), has disclosed that transactions via Point-of-Sale (PoS) rose to N24 billion ($148 million) in April 2014. The...
Nigeria spends an estimated $5.1 billion yearly on printing and handling cash, a study by US-based financial payment solutions firm, Mastercard has revealed. The study explains...
A Federal High Court in Lagos has restrained the Nigeria Police and the Department of State Services from arresting or harrassing the suspended Governor of the...
The Nigerian Senate has confirmed Godwin Emefiele as the country’s new central bank governor. According to a statement released by Standard Bank, Emefiele will assume office...
Nigeria held its first Monetary Policy Committee (MPC) meeting after the suspension of central bank governor, Sanusi Lamido Sanusi. The acting governor of the central bank,...
Despite former central bank governor Lamido Sanusi’s ousting, his reforms and frameworks continue to keep the economy in check. “Sanusi could easily be described as probably...
Nigeria has named a relatively unknown banker to head its central bank after the outspoken former governor was suspended, triggering shockwaves in Africa’s second-largest economy. Godwin...
by Ikechukwu Kelikume for The Conversation The Nigerian business community and international investors into Africa’s most populous country are still reeling from the shock of the...
Nigeria has become the twentieth country in Africa to adopt SWIFT for its domestic payments as well as its international payments infrastructure, according to a press...
New regulations in Nigeria that will reduce fee income and raise reserve requirements could curb growth in the financial sector. Nigerian banks enjoyed a prosperous 2012,...
Nigeria’s central bank Governor Lamido Sanusi. PHOTO/File (Bloomberg) – Nigeria’s central bank shouldn’t rush to cut interest rates even as inflation is forecast to remain within...
Nigeria’s central bank Governor Lamido Sanusi Nigeria’s central bank Governor Lamido Sanusi, who was named central bank governor of the year by London-based The Banker magazine...
To ensure the success of Nigeria’s cashless scheme, the Central Bank of Nigeria has disclosed plans to introduce incentives for traders through commercial banks. While speaking...
The Assets Management Corporation of Nigeria (AMCON) has set aside an additional US$ 5 billion to recapitalize the five rescued banks. The injection of the capital...
