Banking
Naira slides at official market, trades N1,416.57/$
The Naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading...
IOCs to use 50% FX proceeds for tax, other obligations – CBN
The Central Bank of Nigeria (CBN) has said that International Oil Companies (IOC) can use 50 per cent of their...
PoS firms get 2-month ultimatum to register with CAC
The Federal Government has issued a two-month ultimatum to Point of Sales (PoS) companies, to register their agents, merchants, and...
CBN imposes 0.5% cybersecurity tax on all e-transactions
The Central Bank of Nigeria (CBN) has imposed a 0.5 percent cybersecurity levy on all electronic transactions within the country....
Naira appreciates by 0.2% against dollar
The Naira closed the week on a positive note, trading at N1,400.40 against the dollar, according to data from the...
Naira depreciates at official market, traders, N1,402.67/$
The naira on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar. Data from the official...
Naira gains N30 in parallel market, trades N1.419.11/$ at official market
The Naira on Monday recorded a N30 gain against the US dollar in the parallel market, closing at N1,350. Trading...
Active bank accounts hit 219 million in March – Report
The number of active bank accounts in Nigeria jumped to 219.6 million in March 2024. This is according to data...
CBN bars OPay, Palmpay, Kuda, Moniepoint from adding new customers
The Central Bank of Nigeria (CBN) has ordered four fintech companies: OPay, Palmpay, Kuda Bank, and Moniepoint to discontinue opening...
Naira slides to N1,308.52/$ at official market
The Naira on Wednesday further depreciated at the official market, trading at N1,308.52 to the dollar. Data from the official...