FX reforms ignite confidence as inflows hit $20.98bn
FX reforms ignite confidence as inflows hit $20.98bn One of the most visible signs of renewed confidence in Nigeria’s economy is the transformation of the foreign exchange market, where reforms driven by the Central Bank of Nigeria have attracted foreign... Read More →
FG begins $100m equity funding for oil firms
FG begins $100m equity funding for oil firms The Federal Government, through its Nigerian Content Development and Monitoring Board, on Tuesday signed a memorandum of understanding with the Bank of Industry to manage the $100m allotted to the newly established... Read More →
CBN orders 48-hour refunds for APP fraud victims
CBN orders 48-hour refunds for APP fraud victims The Central Bank of Nigeria has proposed new rules requiring banks and other financial institutions to refund victims of Authorised Push Payment fraud within 48 hours of investigations being concluded. This is... Read More →
‘Nigeria needs preventive risk frameworks’
‘Nigeria needs preventive risk frameworks’ The Head of the Civil Service of the Federation, Didi Walson-Jack, has called on institutions in the country to shift from reactive responses to preventive, forward-looking strategies in risk management. Walson-Jack made the call in... Read More →
Banks, fintechs unite to tackle $5bn payment inefficiency
Banks, fintechs unite to tackle $5bn payment inefficiency African banks, fintechs, and policymakers converged in Lagos on Tuesday for the inaugural Pan-African Payment and Settlement System COWRY event, marking a step towards a more integrated continental payment infrastructure. The banking... Read More →
Nigeria’s Eurobonds defy rising insecurity
Nigeria’s Eurobonds defy rising insecurity The Nigerian Eurobonds market held firm in November, with yields extending their downward trend even as a surge in domestic insecurity drew sharp scrutiny from the United States. The average yield on all 13 existing... Read More →