Nigeria’s official FX market posts 34% drop in weekly liquidity
The liquidity in the Nigerian official foreign exchange market fell by over a third this week, according to data from
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Money
Nigeria’s revenue agency FIRS taps Flutterwave for tax collections
Flutterwave, an African payments technology company, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making
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Naira faces pressure as forex reserves lose $2.57bn in two months
Nigeria’s foreign exchange reserves have extended their decline to the lowest point in more than five months, putting the naira
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FirstBank breaks ground on Nigeria’s tallest building at Eko Atlantic City
First Bank of Nigeria, the country’s oldest lender, is breaking ground on what is expected to be the tallest building
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CBN holds interest rate for first time since May 2022
By Mary Adenike The Central Bank of Nigeria left its key interest rate unchanged at 27.5 percent at the end
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75% of businesses plagued by borrowing costs; CBN makes rate decision today
By Mary Adenike Three-quarters of businesses in the private sector identified high interest rates as the top business constraint last
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Flutterwave adds Swap to Send App to boost access to FX
Flutterwave, a payments technology company, has announced that its foreign currency exchange solution, Swap, is now accessible through Send App.
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CBN postpones first MPC meeting of the year for second time
By Mary Adenike The Central Bank of Nigeria has rescheduled its first Monetary Policy Committee (MPC) meeting of the year for
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Naira extends gain amid 61% decline in dollar liquidity
The naira strengthened further against the dollar this week, even as liquidity in the official foreign-exchange market plunged by 61.06
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Fidelity Bank gets nod for second phase of capital raise after securing N272bn
Fidelity Bank has received the green light from its shareholders to commence the second phase of capital raising initiatives after
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