Nigeria’s inflation rate could decline to an annual average of just over 22 percent in 2025, if the Central Bank of Nigeria maintains its current tight monetary stance, the World Bank said Monday at t...
PCNGI ENFORCES 40% FARE CUT ON CNG-POWERED COMMERCIAL VEHICLES IN ABUJA The presidential compressed natural gas initiative (P-CNGi) has commenced enforcement of a 40 percent fare reduction on commerc...
The Central Bank of Nigeria has officially granted a finance company licence to Preferred Finance Company Limited, with the mandate to provide structured financing solutions, particularly to micro, sm...
In its regional economic outlook report, ‘Africa’s Pulse,’ on Thursday, the Britton Woods institution said the naira, the South Sudanese pound, and the Ethiopian birr were the weakest performing curre...
These sanctions include the United Nations Consolidated Sanctions List, the Nigerian Sanctions List in line with the Terrorism (Prevention and Prohibition) Act 2022, and guidelines on targeted financi...
Nigeria’s Central Bank (CBN) has reinstated Jimoh Musa Itopa, a director in the Payments System Management Department (PSMD). His return signals a significant leadership change in the crucial departme...
Nigerian payments startup Paystack is embroiled in a regulatory crisis after the launch of its consumer product, Zap, sparked a trademark war with another startup, Zap Africa and triggered scrutiny th...
Arise Business Analyst, Chika Mbonu yesterday discussed the recent CBN’s intervention of $197 million in the FX markets caused by a number of global macroeconomic concerns. Do well to watch the ...
The Central Bank of Nigeria has provided updates to the financial market, investors and the public on the recent movements in the foreign exchange market between April 3rd and 4th, 2025. In a statemen...
The Central Bank of Nigeria (CBN) may begin to slow down the pace of absorbing inflows in net reserves to give a breather to the naira that has climbed to its highest in almost a month, potentially al...
