30 results
- 2 Apr 2018
ACE Awards 2018 Set to Celebrate Creative MSMEs
In 2016, it became apparent that Nigeria was an import driven nation and that was how the “Buy Naija to grow Naira” came to be. However, various sects of the economy are realising that for…
- 21 Mar 2014
Reps Finger CBN in Bribe for New Naira Notes Trade
The House of Representatives yesterday, blamed members of staff of the Central Bank of Nigeria (CBN) for growing trading in new Naira notes. In a resolution in Abuja, the House said there was a…
- 31 Aug 2018
Nigeria Foreign Exchange Reserves in focus, Gold slips
By Lukman Otunuga, Research Analyst at FXTM, The Nigerian Naira maintained stability against the Dollar on Thursday despite growing expectations over higher US interest rates this year. …
- 9 Oct 2016
Pension Funds Shift to Bonds as Currency Woes Deter Equity Investors
Nigerian pension funds have been selling equities and shifting to local bonds despite cheap valuations as illiquid currency markets limit foreign participation in the stock market. Dave Uduanu, who…
- 27 Jul 2016
FG to Re-validate its Strategic on Indigenous Software
Adebayo Shittu, Minister of Communications, has re-emphasized government readiness to re-validate its directive on the patronage of locally produced ICT products and services by the…
- 4 Oct 2013
DMO Says Demos tic Market Has Increased Forex Inflow
Debt Management Office (DMO) on Friday said that its domestic debt market initiative had helped to increase inflow of foreign exchange. It said that this had also contributed to the growth of…
- 17 Apr 2026
Court Suspends Enforcement of FCCPC’s Reform on Loan Apps
Federal court in Lagos has suspended the enforcement of Nigeria's most comprehensive framework for regulating digital lending apps. On April 15, Justice Ambrose Lewis-Allagoa of the Federal High…
- 26 Sept 2017
Cautious Optimisms Greet TSTV
“Too early to celebrate I must tell you! Wait a bit until it starts operations and then judge. Etisalat is a cautionary tale” a reader identified as ‘Ned’ writes while calling for caution among other…
- 21 Feb 2024
FG to Raise $10Bn to Stabilise Forex Rate
Federal government has announced plans to raise up to $10 billion as part of immediate strategies to bring liquidity to the foreign exchange market and strengthen the naira. President Bola Tinubu…
- 22 Sept 2017
TSTV Battles DSTV with Pay-as-You-Consume
TSTV which stands for Telcom Satellite TV, is here in Nigeria to battle with DSTV. It is coming prepared with “Pay-As-You-Consume” plan which every other operator said was not possible in Nigeria…
- 29 Feb 2016
Nigerians to Boycott Banks Today over Excessive Charges
Nigerians are planning to shun banking activities today to protest exorbitant deductions by commercial banks in the country. Consumer Advocacy Foundation of Nigeria (CAFON), a not-for-profit group…
- 17 May 2016
Inflation Hit Near 6 Years High in April
Annual inflation in Nigeria quickened to a near six-year high of 13.7 percent in April, in part due to rising petrol and electricity prices, the National Bureau of Statistics (NBS) said on Monday,…
- 4 Jul 2013
Reps Probe Fake Naira Notes @ ATMs
House of Representatives has mandated its Committee on Banking & Currency to investigate cases of fake naira notes reportedly being dispensed by some Automated Teller Machines (ATMs) in the…
- 1 Jul 2021
Jumia’s Seed and Growth of Today's Entrepreneurs
By Ayomide Oriade Decades after the internet and its accompanying digital offerings redefined world information dissemination, business operation and transaction model, the comfort and ease of online…
- 17 Feb 2015
Airtel Empowers Seven Startups
Airtel Nigeria, the fastest growing Telecom companies in Nigeria has rewarded 7 entrepreneurs with exceptional apps and business startups ideas with a sum of 1million naira each. This gesture is to…
- 16 May 2025
Remita’s Bold Leap: Nigeria’s Fintech Giant Expands Across Africa
Remita, the pioneering Nigerian payment technology platform developed by SystemSpecs, is charting a bold new course with its planned expansion into markets across Africa. What began as a payroll…
- 21 Mar 2022
NiRA Reduces .NG Domain Name Price by Over 40%
Nigeria Internet Registration Association (NiRA) has reduced the price of .NG domain by over forty per cent (40%). NiRA is responsible for maintaining the database of registered names in the .ng…
- 22 Jul 2024
Stanbic IBTC Expands Securities Lending to Fixed Income Securities
Stanbic IBTC Bank Limited, has announced the extension of its securities lending services to include fixed income securities. This development marks a new milestone in the Nigerian capital market,…
- 13 May 2016
Naira Devaluation Coming -Investec
Investec Asset Management Ltd., which has about $1 billion invested in Nigeria, has said the country’s refusal to devalue the Naira and relax import controls “is not a sensible policy” and predicated…
- 27 Aug 2020
Vivien Shobo Recognized as Icon of the Year @ 2020 African Banker Awards
The African Banker Awards has recognized Nigeria’s Vivien Shobo as winner of the African Banker Icon Award 2020, in acknowledgement of her outstanding work and exemplary career during her tenure as…
- 18 Aug 2008
Dragon’s Den: From Classroom of Fire, Cash
Episode 3 of the Dragon’s Den was packed with more dramatic energy, more ambitious smooth-talking entrepreneurs, and more ruthless dragons. The first entrepreneur Aniekeme Friday Bassey came in…
- 14 Apr 2016
Dollar-Based Investors Recycle `Trapped' Naira, Pause Investment
The country’s foreign-exchange controls are undermining political reforms by President Muhammadu Buhari and making Nigeria “uninvestable” for buyers who measure returns in dollars, Exotix Partners…
- 22 Jan 2016
S&P Says Nigeria will Have to Devalue Naira in 2016
Ratings agency Standard & Poor's says that Nigeria will have to devalue its currency, saying it expected this to happen at some stage in 2016 and in gradual adjustments. Investors have seen a…
- 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…
- 3 May 2020
Agusto & Co Says Banks Will Reap Higher Income From Digital Platforms
Agusto & Co. has predicted that more bank customers would embrace digital banking platforms which could result in higher electronic banking income for the financial institutions. The pan-African…
- 7 Feb 2022
InfraCredit to Guarantee PAT’s N10bn Infrastructure Bonds Issuance
InfraCredit has announced that it will guarantee Pan African Towers (PAT) Digital Infra Fund SPV Plc’s N10 billion 10-Year Series I Senior Guaranteed Fixed Rate Infrastructure Bonds Due 2032…
- 9 May 2024
SEC Bans to Person-to-Person Cryptocurrency Trading to Protect the Naira
Securities and Exchange Commission (SEC) said that it will prohibit person-to-person (P2P) cryptocurrency trading in the Naira, aiming to safeguard its local currency from further depreciation and…
- 16 May 2021
NLRC to Enhance Govt Revenue with Central Monitoring System
National Lottery Regulatory Commission (NLRC) is set to introduce a central monitoring system that would ensure that all earnings due to government on lottery are collected with precision. Lanre…
- 18 Mar 2022
FG Urges Lottery Firms to Pay Outstanding Liabilities or Risk Revocation of License
The Federal Government, yesterday warned licensed lottery companies in the country to pay all outstanding liabilities or they risk the revocation of their licenses. The Minister of Special Duties and…
- 18 Apr 2019
Murtala Sani Emerges Winner of N12m ARM’s DAAYTA 2019 Award
The Deji Alli ARM Young Talent Award (DAAYTA) by Asset & Resource Management Holding Company Limited (ARM) during an event, over the weekend, held at Four Points by Sheraton Hotels Victoria…