Interswitch Partners Credit Bank On Multi-Currency Prepaid Card
Interswitch Group, a digital payment company has collaborated with Kenya’s Credit Bank Plc to launch…
Category: Business
Swiss Central Bank Chief Rejects ‘Currency Manipulator’ Label From The U.S.
LONDON — Swiss National Bank President Thomas Jordan has rejected a U.S. decision to label…
Nigeria Reopens Borders After 16-Month Shutdown Raised Prices
Nigerian President Muhammadu Buhari ordered the reopening of the nation’s land borders, ending a 16-month…
Digitalisation To Help Nigerian Banks Reduce Cost
McKinsey and Company in a report stated that digitalisation will enable Nigerian banks to achieve…
Bank Of England Holds Interest Rates, Bond-Buying Program Steady
The Bank of England unanimously decided to keep interest rates and its bond-buying program unchanged…
FG Comes Under Fire As 164 Million Phones Risk Disconnection
Over 164 million phone lines may be disconnected by December 31, if their owners fail…
Diaspora Remittances: CBN Threatens To Sanction Operators Paying Local Currency
The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in…
Report: Africa’s Mobile Broadband Subscriptions Will Double By 2025
The latest November 2020 edition of the Ericsson Mobility Report has projected increased growth in…
Nigeria’s Daily Oil Production Falls To 1.32 Million Barrels
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in…
Surging Investor Interest Sends Bitcoin To Peak Past $23,000
Bitcoin rose to a record high on Thursday, just a day after passing the $20,000…
Euro And Pound Gain As U.S. Stimulus, Brexit Boost Risk Appetite
The dollar fell to its lowest in more than two years against the British pound…
Sterling Rises Above $1.36 On Renewed Brexit Trade Deal Hopes
Sterling rallied to above $1.36, holding up to a 2-1/2 year high against a broadly…
CBN Frowns On Operators Paying Diaspora Remittances In Naira
The Central Bank of Nigeria (CBN) has issued additional guidelines to prevent operators from paying…
FG Approves Ibom Deep Seaport Project
This was disclosed by Ini Ememobong ,Honourable Commissioner for Information & Strategy in a statement…
Naira Falls At I&E, Black Market As Bitcoin Reaches N10m
During the midweek session, the digital currency rose by more than 11.3 per cent to…
Canadian Dollar Falls By Most In A Month, Lagging G10 Currencies
The Canadian dollar weakened against its U.S. counterpart on Wednesday as oil prices edged lower…
FEC Approves Reopening Of Four Land Borders
Federal Executive Council (FEC) has approved the reopening of four land borders with immediate effect,…
CBN Governor Faces Contempt Charge Over 182b Judgment Debt
A contempt charge has been instituted against the Governor of Central Bank of Nigeria, Godwin…
Bitcoin Breaks $20,000 For First Time, Switzerland Named Currency Manipulator
Bitcoin smashed through $20,000 for the first time on Wednesday while the Swiss franc gained…
Euro Rises Above $1.22 For First Time In More Than Two Years
Strong euro zone survey figures and hopes of progress on Brexit negotiations pushed the euro…
Pound, Euro Rise To Multi-Year Highs On Brexit Hope, Weak Dollar
The pound and euro advanced to their highest levels in over two years as optimism…
Shipping Firms Risk Sanction Over Movement Of Empty Containers
The Nigerian Ports Authority, NPA, has warned shipping firms in Nigeria against not allowing empty…
China Approves Loan For $2.6bn AKK Gas Pipeline
China has approved and will disburse its 85 per cent loan required to fund the…
Nigerian Banks Issues Disclaimer Against Azimo Money Transfer
Nigerian Banks have issued disclaimers against Azimo, a money transfer application that claims to facilitate…
Euro-Area Services Slump Eased Before New German Lockdown
Euro-area services came close to stabilizing in the first half of December — a trend…
Nigerian Cement Price Hike Causes Concern For Building Standards
The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in…
Foreign Reserves Fall $731m In 5 Weeks, As Crude Oil Prices Decline By 65%
The country’s foreign reserves fell by $731 million in five weeks, the latest figures obtained…
Dollar Capped As U.S. Leaders Meet On Stimulus, Pound Underpinned By Brexit Hopes
The dollar languished near 2-1/2-year lows on Wednesday as progress toward a massive U.S. government…
Nigeria Records $414.79m Foreign Direct Investment In Q3 – NBS
Nigeria recorded $414.79m Foreign Direct Investment in the third quarter of 2020 out of a…
FG Expects $26bn Diaspora Remittance To Rise
The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be…