GTBank to Seek Shareholder Approval to Raise $750 CillionIvy WashingtonApril 14, 2024 Guaranty Trust Holding Company, the parent company of GTBank, Nigeria’s 5th biggest bank by assets, will seek shareholder approval ... Read More
Nigeria’s Wema Bank Lifts Suspension of International Transactions on Naira CardsIvy WashingtonJuly 16, 2023 Wema Bank, one of Nigeria’s leading commercial banks, has announced the lifting of the suspension of international transactions on ... Read More
Central Bank of Nigeria Raises MPRBecky CarterJanuary 24, 2023The monetary policy committee of the Central Bank of Nigeria has voted in its January 2023 meeting to raise its ... Read More
The eNaira USSD CodeBecky CarterAugust 28, 2022The Central Bank of Nigeria has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians ... Read More
World Bank Says High Oil Prices Present Nigeria’s Central Bank With a Chance to Adjust the Exchange RateBecky CarterJune 23, 2022The World Bank has stated that surging oil prices, being the highest in 9 years, have provided the Central Bank ... Read More
Central Bank of Nigeria Retains Interest Rate at 11.5%Becky CarterJanuary 25, 2022The Monetary Policy Committee of the Central Bank of Nigeria has voted unanimously to retain the benchmark interest rate at ... Read More
Visa to Test CBDCs With Cards and WalletsBecky CarterJanuary 15, 2022Visa Inc is offering central banks the opportunity to test CBDC retail applications such as the eNaira. A program with ... Read More
eNaira to Lead to Offline and Cross-Border Payment SolutionsBecky CarterNovember 23, 2021The Central Bank of Nigeria has stated that the eNaira’s fourth phase will lead to offline and cross-border payment solutions. ... Read More
World Bank Blames Central Bank of Nigeria’s Management of the Foreign ExchangeBecky CarterJune 16, 2021The World Bank has blamed the Central Bank of Nigeria’s management of the foreign exchange regime as the reason for ... Read More
Binance Reports a Surge in the Number of African Users Despite Ban on CryptocurrencyBecky CarterMay 18, 2021Leading crypto exchange platform, Binance, has reported a surge in the number of African users on its platform. This is ... Read More