The Central Bank of Nigeria (CBN) yesterday threatened to impose N10, 000 daily fine on banks and other electronic payment service providers that fail to renew its operating licence within the regulatory deadline.
The Debt Management Office (DMO) will roll over treasury bills worth N1 trillion in the first quarter of 2018, data made available by the Central Bank of Nigeria has shown.
The African Export-Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support small- and medium-sized businesses in the region, as African markets gradually open to Islamic finance.
As projected by the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the Annual Bankers’ Dinner of the Chartered Institute of Bankers in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 billion.
China’s foreign exchange reserves rose to $3.14 trillion in December, their highest in more than a year, blowing past economists’ estimates, central bank data showed on Sunday.
The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays.
The Debt Management Office (DMO) says the Sovereign Green Bond recorded oversubscription by 0.94 percent.
The Debt Management Office has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors.
Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).
Nigeria raised 161.54 billion naira ($513.64 mln) at a treasury bill auction on Wednesday after it received subscriptions for more than twice the amount on offer, traders said on Thursday.
India and Thailand may have to give freer rein to the rupee and baht this year to avoid triggering US accusations that they’re manipulating their currencies to support exports.
Small lines formed at banks in Mauritania on New Year's Day as customers withdrew new banknotes and swapped cheque books after the government revamped the currency, the ouguiya, in a bid to fight inflation.
The deadline for customers of Microfinance Banks (MfBs) and Other Financial Institutions (OFIs) without Bank Verification Number (BVN) linked to their accounts has elapsed today, January 1,2018.
President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has warned that spending by politicians ahead of the 2019 General Elections may threaten the stability of the naira.
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to hasten the release of the N550 billion Export Stimulation Fund to boost the performance of non-oil export sector.
India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.”
The Police Command in Kano State has confirmed the arrest of a housewife, Aisha Ali, who allegedly poured hot water on the private part of her husband.
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.
The House of Representatives has commended President Muhammadu Buhari for signing the African Continental Free Trade Agreement (ACFTA).
The Peoples Democratic Party (PDP) has reacted to the latest letter written by former President Olusegun Obasanjo to President Muhammadu Buhari describing the former’s action as patriotic.
Former president of South Africa, Jacob Zuma, has denied that the Gupta family had any influence in the appointment of his Cabinet ministers.
Barely 48 hours after the House of Representatives Committee set up to investigate the crisis that trailed the controversial inauguration of the Edo State House of Assembly, two All Progressives Congress groups, the Etsako Solidarity Front, ESF and the Owan Renaissance, have raised alarm over neutrality of the committee as they alleged that the committee’s trip to Benin City last Friday was sponsored by an individual.
Osun State Governor, Mr.Adegboyega Oyetola, on Tuesday disclosed that comments credited to the Adeleke family over his victory at the Supreme Court as a statement made out of “ignorance”.
The Zamfara Governorship Election Tribunal on Tuesday dismissed four members of the PDP challenging the election of Governor Bello Matawalle.
Burundi has appointed the head of the ruling party youth league to head its state-run broadcaster, a move an opposition party has described as a danger to press freedom.
The US House of Representatives on Friday approved a measure that would bar President Donald Trump from launching a military strike against Iran, setting up a confrontation with the White House over the administration’s aggressive stance toward Tehran.