NDIC to liquidate 42 microfinance banks
ICB MFB, Ilah, Delta State affected NDIC is officially closing 42 MFBs whose operating licenses had earlier been revoked…
Naira rebounds, exchanges for 420/$
….speculators count losses The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions…
Tougher times as CBN devalues naira again
Nigeria’s economy will soon receive more fiscal bashing as the nation’s apex bank, last week further devalued the local currency.…
Banks’ incomes from e-payment rise by 64% to N212.66bn
Increased investment in technology and the introduction of new online payment channels earned Nigerian banks N212.66bn in 2019, IFE OGUFUWA…
CBN suspends forex sales to BDCs over pandemic
The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators. This followed…
CBN, Dangote plan N120bn COVID-19 fund, Elumelu, Rabiu donate N6bn
The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up…