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Cardoso Wants Regulations Tightened To Strengthen Resilience Of Fintech, Non-Banking Financial Institutions

Nigeria’s Central Bank Governor, Olayemi Cardoso is calling on financial regulators in West Africa to tighten regulations of fintech and Non-Bank Financial Institutions (NBFIs)...

Business

Recapitalization Will Create Stronger, More Resilient Banks – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank will continue to collaborate with relevant financial...

Business

Bank Of Industry Pledges More Funding For Entrepreneurs In Nigeria

The Managing Director of Bank of Industry (BOI) Olasupo Olusi on Thursday assured Micro Small and Medium Enterprises (MSMEs) that the bank would raise...

Business

Ten Months After Introduction, CBN Stops Forex Price Verification System For Importers

The Central Bank of Nigeria (CBN) has stopped the foreign exchange (FX) Price Verification System (PVS) portal used by importers ten months after introduction.The...

Business

New Minimum Wage May Worsen Inflation- CBN Deputy Governor Warns

The Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN), Philip Ikeazor has said that the new minimum wage negotiation may frustrate the...

Business

Nigeria’s Push To Attract Investments May Be Frustrated By CBN’s Cash Repatriation Restriction- Analyst

Regulatory authorities in the Nigerian oil and gas sector have up their games in scouting for new investors in the country’s oil-rich economy but...

Business

Nigeria’s Forex Reserves Rose By $435.8m As Naira Continuous To Depreciate In May

Nigeria’s foreign exchange reserves rose by 1.35 per cent to $435.8m month-on-month to end the month of May at $32.69bn compared to $32.25bn which...

Business

Food Inflation Worsened By Insecurity In Nigeria-Economist

Economist and Director, Escap Management, Esili Eigbe has advised Nigerians to brace up for tough times as he predicted inflation to peak in August,...

Business

What CBN’s Revocation Of Heritage Bank’s License Mean For Depositors

The Central Bank of Nigeria (CBN) on Monday took a significant step to ensure stability in the banking sector by revoking the license of...

Business

‘Cybercrime Levy Did Not Emanate From CBN’- Cardoso Says After Withdrawing Circular

The Central Bank of Nigeria has denied involvement in the processes that led to enacting the Cybercrimes (Prohibition, Prevention, ETC) (Amendment) Act 2024 which...

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