The Federal Government has formally denied reports alleging that it has introduced or is considering new…
Category: BANKING
Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa — IMF
A newly released report by the International Monetary Fund (IMF) has said that stablecoins now form…
Breaking: ECB Raises Interest Rates for First Time Since 2023 Amid Inflation Pressures
The European Central Bank (ECB) on Thursday raised its benchmark interest rate for the first time…
HabariPay Unveils First Impact Report 2025, Highlighting Its Growth, Digital Payment Contributions, and Business Transformation
HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has…
Nigeria’s Foreign Debt Projected to Reach $72.6bn After 2027 Elections – IMF
Nigeria’s external public debt is expected to rise significantly, reaching $72.6 billion by 2027, the country’s…
Federal Government Reduces Ministers’ Allowances to ₦700,000
The Federal Government has introduced fresh measures aimed at strengthening financial discipline across Ministries, Departments and…
CBN Unveils New FX Guidelines, Approves $50,000 Cash Movement
The Central Bank of Nigeria (CBN) has issued fresh foreign exchange guidelines allowing individuals to move…
CBN shifts PoS geo-fencing deadline to August 1
The Central Bank of Nigeria has extended the enforcement deadline for the geo-fencing of Point-of-Sale (PoS)…
CBN Rate Cut Draws N105bn Cash Back Into Banking System
Cash held outside Nigeria’s banking system dropped by N104.76bn between February and April 2026, following a…
CBN Reaffirms Commitment To Stable Prices, Economic Growth
The Central Bank of Nigeria has reaffirmed its commitment to maintaining macroeconomic stability and supporting economic…