Banks unban MTN, restore USSD services

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Commercial banks in Nigeria have reconnected MTN customers to banking channels after disconnecting them from their channels, including the Unstructured Supplementary Service Data (USSD)...

African investors traded 925% more during lockdown – INFINOX

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African traders invested 925% more through the global trading provider INFINOX last year compared to 2019; The surge in investor demand came as volumes...

Nigeria’s inflation hits all time high of 17.33%

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The consumer price index spiked further in February by 0.86% to 17.33%, marginally higher than FDC forecast (17.2%). This is the highest inflation level...

CBN devices scheme to boost Diaspora remittances

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The Central Bank of Nigeria (CBN) has unveiled the “CBN Naira 4 Dollar Scheme,” an inducement for receivers and senders of electronic offshore fund...

CBN extends interest rate cut by one year

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The Central Bank of Nigeria (CBN) has announced an extension period for its reduced interest rates on intervention facilities to businesses by 12 months.   The...

How CEMAC countries can emerge stronger from economic crisis

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By Leoncio Amada NZE When the International Monetary Fund (IMF) said that the pandemic-ravaged global economy shrunk by 4.4% in 2020, the news probably surprised...

Why FG banned crypto currency operations in Nigeria

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The Federal Government through the Central Bank of Nigeria (CBN), has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial...

Women Summit to explore power of collective in resetting Africa

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Since its inception in 2016, hosted as a prestigious gala event, the FORBES WOMAN AFRICA Leading Women Summit has been a platform bringing together...

Nigeria’s economy to grow 1.1% in 2021, says World Bank

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The World Bank has forecasted that the global economy is set to rebound by 4% in 2021, while Nigeria’s economy is expected to resume...

Nigeria’s 3 tiers of government shares N601bn for November

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The Federal, States and Local Governments in the country shared the sum of N601.110 billion as federation allocation for November. According to Permanent Secretary, Ministry...

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