30 results
- 17 Oct 2025
Nigeria’s FX Reserves Hit Five-Year High of $43.4bn — CBN
Central Bank of Nigeria (CBN) has announced that the country’s foreign exchange reserves have surged to a five-year high of $43.4 billion, despite recent efforts to clear FX backlogs and stabilise…
- 2 Jan 2024
CBN Bars Crypto Bank Account Operators from Cash Withdrawal
Central of Nigeria (CBN) has said that cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions According to the apex bank, withdrawals from these…
- 9 Jan 2026
KPMG Identifies ‘Flaws, Inconsistencies, and Omission’ in New Tax Law
KPMG Nigeria has identified what’s described as “errors, inconsistencies, gaps and omissions” in Nigeria’s tax laws that came into force at the beginning of this year. The professional services…
- 9 Feb 2026
Ecobank Nigeria to Host Customer Forum on Strengthening Regional Integration for Economic Transformation
Ecobank Nigeria is set to host the second edition of its Customer Forum, at the Ecobank Pan-African Centre, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. The forum, organised by the bank’s Fixed…
- 1 Feb 2026
If Capital is the Answer, What Exactly is the Problem with First Holdco
By Blaise Udunze The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude on March 31, 2026, which is…
- 16 Jul 2021
Foreign Exchange Inflows still Below Pre-COVID Levels
Tunde Abidoye According to the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin for Quarter 4, 2020, total Foreign Exhange (FX) inflows into the Nigerian economy declined by -6.4% q/q…
- 5 Dec 2025
PAPSS Cowry to Benefit Manufacturers, SMEs
Manufacturers and small businesses are set to benefit from a new era of seamless cross-border payments, thanks to the launch of the Pan-African Payment and Settlement System- PAPSS Cowry, a…
- 14 Jun 2021
Fitch Assigns IHS Holding Ltd First-Time IDR 'BB-'
Fitch Ratings has assigned IHS Holding Limited (IHS Holding) a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook and a senior unsecured instrument rating of 'BB-' with a…
- 19 Aug 2025
Flutterwave, iPaylinks Partner on Africa–Asia Payments
Flutterwave has struck a game-changing partnership with iPaylinks, East Asia’s respected payment platform, to break down barriers in Africa–Asia trade. Olugbenga Agboola, founder and CEO of…
- 18 Jan 2026
Nigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
Despite lingering regulatory uncertainty, Nigeria processed an estimated $92.1 billion in cryptocurrency transactions between July 2024 and June 2025, reaffirming its position as Sub-Saharan Africa’s…
- 13 May 2025
CBN, NIBSS Unveil BVN Platform for Diaspora Nigerians
Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday inaugurated an innovative digital gateway allows Nigerians in the diaspora to obtain a…
- 20 Aug 2026
What Dollar Strength Cycle Mean for Traders
The USD still ranks among the major forces that drive financial markets all over the world. When the USD gains in value, it rarely affects currency pairs alone; it may have implications for commodities, stock market indices, capital movement, and risk appetite.
- 30 Jun 2023
DLM Asset Management Reels out Techniques to Grow Cash, Finish Strong in 2023
DLM Asset Management Limited, a division of DLM Capital Group, held a Zoom webinar on financial literacy titled "Grow your Cash Flow and Finish Strong in 2023. "People from different parts of the…
- 21 Nov 2025
CBN’s N75 Trillion Credit Milestone to Private Sector Falls Flat as Productivity Crisis Deepens
By Blaise Udunze Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic…
- 29 May 2025
Africa Cross-border Payments Set to Hit $1 trillion by 2035
Africa’s cross-border payments market is on track to hit $1 trillion by 2035, according to a new report by venture capital firm Oui Capital. Titled "Africa’s Cross-Border Payment Landscape—a deep…
- 12 Nov 2025
IHS Holding Chairman, Sam Darwish Credits Nigeria for Strong Q3’25 Earnings
New York Stock Exchange listed IHS Towers, the largest independent owner, operator and developer of shared communications infrastructure in Africa and one of the largest in the world by tower count,…
- 27 Feb 2026
MTN Nigeria Posts Record N1.70 Trillion Pre‑Tax Profit, Declares N20 Dividend for 2025
MTN Nigeria Communications Plc has recorded a landmark turnaround in 2025, posting a pre‑tax profit of N1.70 trillion, reversing a loss of N550.3 billion in 2024 as the company emerged from a rough…
- 15 Aug 2025
Tariff Adjustment Attracts Over $1 billion Investment in Telecom infrastructure
Dr. Aminu Maida, Executive Vice Chairman, the Nigerian Communications Commission (NCC) has said that the new pricing regime in the sector has already attracted over $1 billion in fresh infrastructure…
- 6 Nov 2024
Telcos Scale Down on Network Investments to Reduce Forex Losses
MTN Nigeria Communications Plc and Airtel Africa Plc have reduced investments in network infrastructure to focus on minimising foreign exchange (FX) exposure and managing rising operational costs.…
- 19 Sept 2016
CBN Blames Sanusi, Soludo for Forex Crisis
Mr. Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has blamed Lamido Sanusi and Professor Chukwuma Soludo- his predecessors for the current foreign exchange crisis in the country.…
- 8 Oct 2025
N21trn Illusion: How Banks’ Appetite for Government Debt Chokes Growth
By Blaise Udunze In a healthy economy, banks serve as the arteries through which capital flows to productive enterprises, creating jobs, stimulating innovation, and driving national prosperity. In…
- 28 Oct 2024
Despite Crackdown, $59Bn Cryptocurrency Flow into Nigeria in 12 Months- Report
The latest report from blockchain analytics firm Chainalysis has placed Nigeria in the second spot on the list of countries leading crypto adoption globally, having received approximately $59 billion…
- 22 Apr 2024
Forex Volatility will Not End Overnight- CBN Gov
Yemi Cardoso, governor, Central Bank of Nigeria (CBN) has said that the volatility in the foreign exchange (FX) rate cannot end overnight, adding that there will be continuous ups and downs in the…
- 23 Jan 2026
How Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis
By Blaise Udunze The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet unsettling problem that stems from rising…
- 4 Jul 2025
Flutterwave Secures 20 more US Money Transmitter Licences
Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across U.S. states following its newly acquired Money…
- 13 Apr 2016
Nigeria Agrees Currency Swap with China to Shore up Naira
Nigeria has agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds…
- 25 Jun 2018
Nigeria’s Economy under Buhari...for better or worse?
by Lukman Otunuga There was a high degree of optimism over Buhari changing Nigeria for the better by reviving economic growth and fighting corruption &insecurity. Much has happened over the past…
- 4 Dec 2020
Standard Chartered Appoints Yetunde Oni as CEO Sierra Leone Operation
Yetunde Bolanle Oni has been appointed the Chief Executive Officer, Standard Chartered Bank Sierra Leone. Her appointment became effective November 2020. Yetunde joined Standard Chartered Bank in…
- 3 Feb 2021
Standard Chartered’s Client Conference on AfCFTA Focuses on a Single Continental Market for Nigerian Businesses
As part of Standard Chartered’s knowledge, capacity building and developmental initiatives across its local markets, Standard Chartered Bank Nigeria (SCB) hosted a virtual conference for clients and…
- 13 Jan 2023
CBN says Banking System Remains Resilient
The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria…