100th anniversary: Union Bank Centenary Innovation Challenge

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Union Bank, one of Nigeria’s most respected financial institutions, has kicked off celebrations to mark its 100th anniversary in Nigeria having been established in...

CBN Suspends New Cashless Policy

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The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex...

Five Things Minister of Finance, Kemi Adeosun said in her April 19, 2017 CNBC...

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1. REVENUES: Nigeria’s challenge is not the burden of debt (our debt to GDP ratio is at a relatively low level of 13%) but...

Naira gains momentum, closes at 390/dollar

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The naira recorded a major gain on Wednesday, closing at 390 per United States dollar at the parallel market, up from 405/dollar on Tuesday. This...

Naira strengthens against dollar at parallel market for N398

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The naira firmed against the dollar at the parallel market on Tuesday, closing at N398 to the dollar. The News Agency of Nigeria (NAN) reports...

VoguePay Wins Best Fintech Startup Award

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It award ceremony was attended by stakeholders in the digital finance industry across Africa and the globe Principal Associate, MobileMoneyAfrica, Mr. Emmanuel Okoegwale, organisers of the awards,...

Why Foreign Reinsurers Dominate Nigeria’s Insurance Market

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THE prevalence of foreign reinsurers, mostly European, that are presently taking about 65 per cent share of the Nigerian reinsurance market has been attributed...

USSD payment platform opens up Nigeria’s mobile banking channel

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Management at Nigerian FinTech-focused firm Guaranty Trust Bank (GTBank) has confirmed that the total value of transactions processed on its USSD-enabled payment and service...

Zenith Bank league: Dolphins, First Bank unbeaten

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The Nigeria Basketball Federation has fixed the second phase of the 2016/17 Zenith Bank Women’s Basketball League for May 1 to 8 at the...

MoneyTrust Microfinance Bank Commences Operations

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MoneyTrust Microfinance Bank Limited (MFB), a newly licensed multi-purpose MFB approved by the Central Bank of Nigeria (CBN) that is located in Lagos, has...
CBN OMO Auction

CBN Unveils Guidelines on Non-interest MFBs

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In line with its mandate of promoting a sound financial system, the Central Bank of Nigeria (CBN) has issued guidelines on the regulation and...

Nigeria’s Historical Monthly Inflation Rate Data (Updated April 2017)

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The National Bureau of Statistics reported that Nigeria’s inflation rate for the month of March rose by 17.62% compared to 17.78% recorded in February...