Business

Federal government delays launch of eNaira digital currency. Nigeria has delayed the launch of its eNaira digital currency, initially planned for Friday, because of the country’s Independence Day celebrations, the Central Bank of Nigeria said. The CBN and other partners were working...

Overview Nigeria is not only the largest economy in Africa but one of two large emerging markets where foreign exchange trading is concerned. Nigerian traders who want to trade a wide variety of financial markets while using reputable brokers need...

Emefiele: We have recovered N89 billion from banks following complaints from customers. Speaking in Calabar at a 2-day public enlightenment fair, CBN Governor, Godwin Emefiele who was represented by CBN’s Acting Director of Corporate Communications Department, CBN, said the...

One dollar now going for 523 Naira at the black market. The slump comes a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. After the Monetary Policy...

7 facts about Obi Cubana you didn’t know. OBI CUBANA is from Oba, a community in Idemili-South Local Government Area in Anambra State, Nigeria. Obi Iyiegbu popularly known as Obi Cubana is a Nigerian based businessman, entertainer, entrepreneur, philanthropist, and...

Nigerian startup Owoafara is on a mission to help small businesses grow and scale sustainably by connecting them with finance and business services. Founded in January 2019, Owoafara was launched to solve the access to finance and business support problem of over...

In 2020, there’s a new trend happening in the Nigerian banking sector. After prioritising their core banking services for nearly a decade, some Nigerian banks are restructuring to diversify their revenue base and remain competitive with other financial services....

Mele Kyari: Cabal members were enriching themselves with subsidy payments. Kyari who said this in a Hausa programme on Liberty FM, Kaduna, insisted that fuel subsidy was not beneficial to the masses and was removed because it was characterised...

The Naira on Thursday gained one point to appreciate against the dollar at the parallel market in Lagos. The News Agency of Nigeria, (NAN) reports that the Naira exchanged at N439 to a dollar at the parallel market in Lagos,...

CBN reveals a decision reached by banks in the country concerning lay-offs. As Nigeria battles coronavirus, there are fears in some quarters that the jobs of many citizens, including bankers, were at risk. The Central Bank of Nigeria (CBN)...