Nigerian Banks Boost Private Sector with Record Lending of N54.76 Trillion
In August, deposit money banks in Nigeria achieved an unprecedented lending milestone, reaching a staggering N54.76 trillion. This surge, partly ...
Tag: CBN
SMEDAN Cautions Business Owners against Fake Loan Offers
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) warns against a fraudulent site falsely advertising loans ranging from ...
Tinubu’s Independence Day Speech Addresses Support for MSMEs amidst other Pivotal Economic Reforms Measures
In the 2023 Independence Day address, President Bola Ahmed Tinubu highlighted the resilience and unity of Nigeria while emphasizing the ...
Small Business Owners Raise Concerns Over Exchange Rate Fluctuations
Small business owners in Nigeria are grappling with the repercussions of exchange rate instability, a concern recently raised by Mr. ...
Flutterwave, Wema Bank, and Kadavra BDC Introduce ‘Swap’: Digital FX Solution for Easy Foreign Exchange Access in Nigeria
Flutterwave, Africa's leading payments technology company, has joined forces with Wema Bank and Kadavra BDC to launch 'Swap', a cutting-edge ...
CBN Ends 25-Month Ban on FX Sales by Bureau De Change Operators to Stabilize FX Market
In a significant move aimed at stabilizing Nigeria's fluctuating foreign exchange (FX) market, the Central Bank of Nigeria (CBN) has ...
Central Bank of Nigeria Introduces Forex Price Verification System to Streamline Imports
In a move aimed at enhancing transparency and efficiency in the foreign exchange landscape, the Central Bank of Nigeria (CBN) ...
NNPCL denies intentions of increasing fuel pump prices at retail stations
In a bid to address growing apprehensions among Nigerians, the Nigerian National Petroleum Company Limited (NNPCL) has vehemently denied any ...
Central Bank of Nigeria Reveals Audited Accounts: Records N103.8 Billion Profit in 2022
The Central Bank of Nigeria (CBN) has, at last, unveiled its long-anticipated audited accounts spanning seven years. The recently disclosed ...
40% of Nigerian MSMEs are Owned by Women; NBS
A groundbreaking study conducted by Small Firm Diaries and published by the National Bureau of Statistics (NBS) has shed light ...
