The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. A press release…
Read More Again, CBN warns on Virtual Currencies
Category: Business
UBA, China development bank partner to finance African SMEs in $100m deal
Ebun Francis || One of Nigeria’s leading banks, the United Bank for Africa (UBA) Plc and China Development Bank (CDB) have signed a $100 million seven-year loan agreement to finance…
Read More UBA, China development bank partner to finance African SMEs in $100m deal
CBN boosts inter-bank market with $210m
The Central Bank of Nigeria (CBN) has again made interventions in the inter-bank sector of the Foreign Exchange market with the injection of $210 million into three segments of the…
Read More CBN boosts inter-bank market with $210m
Nigeria exited recession with 0.83% growth in 2017
The National Bureau of Statistics (NBS) said Nigeria’s economy grew by 0.82 percent in 2017, an improvement from the -1.58 percent recorded in 2016. This is contained in the report…
Read More Nigeria exited recession with 0.83% growth in 2017
Buhari withholds assent to peace corps bill
Ebun Francis || President Muhammadu Buhari on Tuesday refused to assent to the bill seeking to establish the Peace Corps. In a letter to lawmakers read by Yakubu Dogara, the…
Read More Buhari withholds assent to peace corps bill