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Banking and Finance

Nigerians struggle to register on CBN’s e-Naira mobile app

SEVERAL prospective users have lamented their frustrations at registering on the e-Naira mobile application launched by the Central Bank of Nigeria (CBN) on Monday. A...

Heritage Bank fails to provide update on Andy Uba’s debt

HERITAGE BANK has failed to provide an update on the debt owed by the All Progressives Congress (APC) candidate in November 6 Anambra State...

Nigerians criticise CBN’s reliance on Dangote refinery to fix naira’s free fall

SCORES of Nigerians have criticised the Central Bank of Nigeria (CBN)'s reliance on Dangote's refinery to address the depreciating naira.  This is coming on the...
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South African, Nigerian emerge winners at 2021 African Fact-Checking Awards

SOUTH African Jean le Roux and Nigerian Oluwasegun Olakoyenikan have been announced winners in the 2021 Africa Check Fact-Checking Awards ceremony.  The Eight Africa Check...

Osinbajo asks banks to explore opportunities in African free trade

NIGERIA'S Vice President Yemi Osinbajo has told Nigerian banks to look beyond their current market reach and explore options in the African Continental Free...

CBN plans shutdown of AbokiFX, accuses owner of FX breaches

THE Central Bank of Nigeria, on Friday at the Monetary Policy Committee meeting, gave reasons for the planned shutdown of AbokiFX, accusing the owner...
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Analysts want govt assets in equity market as CBN eyes international financial centre

FINANCIAL experts have urged the Central Bank to work towards enlisting the government’s corporate assets into the equity market as the bank plans to...

Naira weakens to N562/$ in parallel market amid drop in inflation

NIGERIA'S naira is sinking against the dollar in the parallel market, closing at N562/$ on Wednesday against N557/$ at the market opening. On the Importers/Exporters...

CBN again warns commercial banks to desist  from forex malpractices

THE Central Bank of Nigeria (CBN) has warned deposit money banks (DMBs) to desist from all forms of malpractice in foreign exchange (FX) transactions. The...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...