Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.

The Financial Reporting Council of Nigeria (FRC) on Wednesday pointed out that Nigeria was not yet a hyperinflationary economy.Owing to this, the Council, in a press statement signed by its Executive ...

Meanwhile, a promising tech start-up in Lagos seeks bridge funding to scale but has no credit history. These scenarios play out daily across the country where accessing finance remains one of the most ...

Hon. Marilyn Dumkelechukwu Okowa-Daramola is a dynamic legislator, youth advocate and girl’s empowerment trailblazer. She was elected ...

The Nigeria Security and Civil Defence Corps (NSCDC), Ebonyi State has vowed to ensure enforcement of the law against the abuse of the Nigerian currency. The corps described the Naira as a critical ...

The story of women rsquo;s contribution to Nigeria rsquo;s economy is as old as the nation itself. It is no secret that women ...

Visa invests over $10 million in African fintech Moniepoint to support SME growth across Africa, including introducing ...

One of Nigeria’s largest banks, Zenith Bank, is set to increase staff salaries in January as galloping inflation continues to ...

Olayemi Cardoso, governor of the Central Bank of Nigeria, will have established a new Compliance Department within the apex bank.

Banks across the country have commenced the enforcement of the Central Bank of Nigeria’s (CBN) directive to limit Point-of-Sale (PoS) withdrawals to N100,000 per day and N500,000 per week for ...

The Nigerian stock market is poised for significant growth in 2025, with Arthur Steven Asset Management Limited (ASAM) projecting a 39 per cent return on the All-Share Index (ASI). According to the Ma ...

IAS 29, titled Financial Reporting in Hyperinflationary Economies, provides accounting guidelines for countries experiencing hyperinflation.