Business
Naira Falls to N505/$1 as CBN Halts Forex Sales to BDC Operators
The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on...
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CBN Insists on Crypto Ban, Virtual Naira Almost Ready For Launch
The Nigerian apex bank reiterated it earlier stands against banks facilitating crypto transactions as e-Naira is set to launch in...
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CBN Halts Forex Sales To Bureau De Change Operators, Retains Lending Rate
The Central Bank of Nigeria has announced the stoppage of sales of forex to the Bureau De Change operators in...
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Nigeria’s Revenue Inflow Lowest Globally, World Bank Alarms
Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in...
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External Reserves Surge by $76.5bn in One Week
In an unsuspected twist, the country's depleting foreign exchange reserves gained an average of $76.5 million in seven days. The...
Read moreCBN Hails Nigerian Banks as Resilient, Holds MPC Meeting Today
Ahead of its Monetary Policy Committee (MPC) meeting holding today and tomorrow in Abuja, the Central Bank of Nigeria (CBN)...
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CBN to Launch Digital Currency October 1
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency by...
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POS Transactions Spike to N3trn in Nigeria
The value of point of sales transactions made in Nigeria jumped to N3.01 trillion in the first half of 2021,...
Read moreLASG Seals 16 Firms Over Tax Evasion
The Lagos State Internal Revenue Service (LIRS) on Monday resumed sealing of companies and hospitality firms over alleged unpaid consumption...
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China’s Xiaomi Becomes 2nd Largest Smartphone Maker, Overtakes Apple
Chinese smartphone manufacturer, Xiaomi has overtaken Apple as the second-largest smartphone maker in the world, after Samsung, according to market...
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