Finance

FG denies plans to borrow N20trn from pension fund

Abuja, May 16, 2024 – The federal government has denied reports that it planned to borrow N20 trillion from the pension fund to develop the infrastructure. The Minister of Finance...

Why Court orders Binance to release Nigerian traders’ data….

Justice Emeka Nwite of the Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic...

Why CBN raises MPR from 18.75% to 22.75% – Cardoso

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate...

Why 1,368 BDCs to get $20,000 CBN FX intervention

About 1368 eligible Bureau De Change (BDC) Operators in Abuja, Awka, Kano and Lagos are set to benefit...

Why ABCON cautions BDCs on regulatory infringement

The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned Bureau De Change (BDC) operators on...
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Osinbajo Counsels Central Banks On Adoption Of Blockchain Technology

Vice President Yemi Osinbajo says it has become urgent for central banks around the world to adopt blockchain technology.

Why IMF releases $7.5 bn loan for Argentina

The International Monetary Fund (IMF) says it has released a loan tranche of $7.5 billion for Argentina, in a deal that took four months to negotiate.

Why Court orders Binance to release Nigerian traders’ data….

Justice Emeka Nwite of the Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission (EFCC) with...

FX convergence: ABCON seeks autonomy to digitise operation

The Association of Bureaux Des Changes Operators of Nigeria (ABCON) has urged the CBN to democratise and centralise the operation of it's members by granting them autonomy to go digital.

Fidelity, Zenith, Access makes list of most Capitalised Banks in Q3 2023

Leading financial institution, Fidelity Bank, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results.

Why ABCON cautions BDCs on regulatory infringement

The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned Bureau De Change (BDC) operators on the need to abide by extant...
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