An undeniable feeling of disappointment engulfed the Nigerian economy on Wednesday following the 2.06% contraction in the second quarter GDP which confirmed that the nation had...
Central Bank of Nigeria (CBN) has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria, in furtherance of efforts to liberalise the Foreign Exchange...
The African Development Bank (AfDB) President, Akinwumi Adesina, has addressed the challenge of creating jobs for youth in Africa, while outlining a number of initiatives the...
TerraPay, a mobile-first international network, said that it has completed the acquisition of UK-based Pay2Global Limited, following regulatory approvals. In an outright purchase, TerraPay...
Sentiment towards the US economy was elevated on Friday following the hawkish comments from Janet Yellen which bolstered expectations over the Federal Reserve raising US rates...
Heritage Bank has described its recent Central Bank of Nigeria (CBN) suspension along with eight other banks from the foreign exchange transactions over alleged non remittance...
Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances...
Global stocks traded lackluster this week with most major markets oscillating between losses and gains as anxiety ahead of Friday’s Jackson Hole gathering forced investors to...
The Naira fell to an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 the previous day, after the...
Nigeria displayed resilience this week by approving the three-year budget plan despite concerns remaining elevated over slowing growth which weighed heavily on sentiment. The Federal Executive...