CBN Sells N400Bn Bills to Mop up Money Market Liquidity

The Central Bank 0f Nigeria sold about N400 billion ($1.27 billion) of Treasury bills, lifting the interbank lending rate up to 12 percent, traders said. The bank sold

Diamond Bank Mobile App Records 2m Subscribers

Diamond Bank has recorded two significant milestones in its digital banking drive with the signing up of a record two million subscribers each on its flagship mobile

FCMB Raises N5.1 Bn via Bonds

FCMB has sold N5.1 billion ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent, its advisers said yesterday.

Godwin Emefiele, Governor, Central Bank of Nigeria

CBN Threatens Sanctions on Banks for Clearing System Defaults

Central Bank of Nigeria (CBN) has unveiled sanctions that it suggests should be imposed on banks that flout the rules for clearing financial instruments in the country.

Recession: 6 Expenses That May Be Destroying Your Budget

    Having a budget is very important if you want to properly plan your finance. However, when preparing the budget, there are some items or things that feature in it

Wi-Pay Global Granted Approval for International Remittance Services

Wi-PAY Global has announced that it has been granted registration approval to carry out international money remittance by the Financial Conduct Authority in the United

AfDB , AFI Sign MoU to Enhance Financial Services

African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) signed a Memorandum of Understanding (MoU) to enhance access to quality financial services

CBN to Suspend Banks for 8 Weeks over Forex Infractions

Central Bank of Nigeria (CBN) has tightened its operational guidelines on foreign exchange (forex) trading among banks and other authorised dealers. Defaulting banks

Atlas Mara, Mastercard Enter into Partnership for Financial Access

Atlas Mara and Mastercard have signed three strategic business agreements, which aim to build a stronger digital payment ecosystem with a focus on accelerating financial

Uber, AXA Mansard Provide Nigerians with Cover While on the Road

Uber prioritises safety for both riders and driver-partners and while insurance has always been a critical part of Uber’s safety programme, Uber has amplified the