Fire Outbreak under control- Unity Bank 

Early this morning, a fire broke out at Unity Bank’s head office in Victoria Island, Lagos.  The incident posted on Social Media showed flames spreading to at least three floors. Several users on Twitter reacted to the incident, tagging relevant agencies to the tweets.  TRENDING VIDEO: Unity Bank Head office is currently engulfed in fire, […]

CBN Calls For Sale Of Redundant Public Assets

CBN Calls For Sale Of Redundant Public Assets. … News Naira Logo … reduce the budget deficit and government borrowing when implemented. CBN …

Techpreneur launches TrainQuarters  | Nairametrics

A Technology Entrepreneur, Stephanie Obi, has launched TrainQuarters to solve an age-long problem faced by modern content providers.  Obi explained that the platform, which was launched in Lagos, is an online course platform that makes it easy for Africans to create and sell online courses without being tech-savvy.   [READ MORE: Fintech: CBN issues new license] On what led to the […]

CBN Gov Godwin Emefiele insists cashless policy will be implemented

The central bank of Nigeria is insisting that it will go ahead with its new cashless policy, saying only five percent of bank customers will be affected. This is inspite of an order from the house of representatives to suspend the implementation of the policy on deposits and withdrawals. The house committee on banking and […]

Money Matters with Nimi Akinkugbe: Are You Ready For the World’s Move to Digital Money?

Whether you like it or not, our world is becoming cash free. How prepared are you for change? The Central Bank of Nigeria’s (CBN) cashless policy commenced on January 1, 2012 in a phased approach that featured Lagos as the pilot state because of its “financial sophistication, the presence of an enabling infrastructure, volume of […]

FX Unification in Nigeria: Simple Thoughts, Tougher Mission

Monday, September 23, 2019 / 06:45AM / Proshare Research & TheAnalyst / Header Image Credit: EcoGraphics   Global markets have increasingly learned a fundamental truth; simple is best. Complicated pricing arrangements and sophisticated risk-protection strategies that involve complex algebraic equations look good on paper but are a nightmare to implement. Segun Atere, Head Market Strategy […]

The Chicago Boys of Nigeria

Quote 1: “Every leader is only as effective as the advisers that surround the leader.” Anonymous Quote 2: “The trouble with good advice is that it usually interferes with our plans.” Croft Pentz President Mohammed Buhari has announced a new economic team that will offer him economic advice on a timely basis for managing and […]

Banks, Fintechs others may lose 2% annual revenue to data breach-NITDA

From left, Mr. Bidemi Olumide, MD/CEO, Taxaide/Taxtech, Prof. Abiola Sanni, Chairman Board of Directors, Taxtech and Mr. Oyeyemi Oke, Partner/Executive Director, Taxaide/Taxtech The National Information Technology Development Agency (NITDA) has disclosed that banks, Fintechs, Telcos and other organisations might lose up to 2% of their gross annual revenue to a data breach. This was disclosed […]

Report: Electronic Payment Transactions Rise to N231tn

Obinna Chima The total value of transactions through various electronic payment (e-payment) channels in the country has risen sharply by 103 per cent to a total of N231.247 trillion as at June 2019, compared with the N138.672 trillion recorded in the whole of 2018. Also, the volume of transactions jumped by 42 per cent in […]

Insurance recapitalisation:Foreign investors crowding out domestic

By Peter Egwuatu There are indications that the recent upsurge in Foreign Portfolio Investment, FPI, in the nation’s stock market is driven by the ongoing recapitalisation exercise in the insurance sector. Some stock market dealers told  Financial Vanguard  that the foreign investors are taking advantage of low share prices of some targeted insurance firms in […]

Expectation index on value of naira surges by 25.2 points Vanguard News

DMO to sell N150bn bonds amidst N1.2trn inflow By Babajide Komolafe IN spite of the continued decline  in the nation’s external reserves, firms’ expectation of naira appreciation over the next twelve months surged by 25.2 index points        on the Business Expectation on the exchange rate. The Central Bank of Nigeria, CBN, disclosed this in […]

Mun Bukaci Dakatar Da Harajin CBN – ‘Yan Majalisa — Leadership Hausa Newspapers

Majalisar wakilan Nijeriya ta bukaci Babban Bankin Najeriya ya dakatar da umarnin da ya bai wa bankuna su karbi kashi biyu zuwa biyar a cikin 100 na tsabar kudin da ‘yan kasar suka shigar ko suka fitar daga asusun ajiya. Matakin dai ya bukaci cire kason a kan duk garin kudin da aka fitar ko […]

High expectations from EAC – Daily Trust

President Muhammadu Buhari last week replaced the Economic Management Team [EMT] headed by Vice President Yemi Osinbajo with an Economic Advisory Council [EAC] under the chairmanship of Prof Doyin Salami. Special Adviser on Media to the President, Femi Adesina announced the coming on board of the EAC. He named Dr Mohammed Sagagi as its vice […]

CBN: Firms expect borrowing costs to rise

On the exchange rate, the report also indicates that firms expect the naira to appreciate in this month, in October and in the next 12 months “as their …