FG not adopting flexible foreign exchange rate or NAFEX – CBN
The Central Bank of Nigeria, CBN, has said that the FG is not adopting a foreign exchange rate or NAFEX for its transactions as earlier …
Category: Finance in Africa
FG adopts the NAFEX rate for its official FOREX transactions
The Federal Government is adopting the investors and exporters rate, NAFEX currently averaged at N410 to $1 for its official foreign exchange transactions as a …
Nigeria: Domestic and foreign portfolio investment (FPI) for February 2021
Nigeria: Total domestic and foreign portfolio investment, FPI at NSE in February was lower than January by 7.26%. The Nigerian Stock Exchange polled trading figures …
CBN requirements for innovative products under the regulatory sandbox
What is the CBN regulatory sandbox? The Central Bank of Nigeria has a regulatory sandbox that it adopted in 2021 to ensure flexible ways of …
Updated: CBN list of approved international money transfer operators (IMTO) in 2021
The Central Bank of Nigeria, CBN has released of list approved international money transfer services as at February 28, 2021. They include IMTOs within Nigeria …
DMO lists Sukuk bond of N162.5 billion on NSE, FMDQ
The DMO puts up FG Sukuk Bond on NSE today. Nigeria’s Debt Management Office, DMO, listed a total of N162.5 billion 7-year Al Ijarah Sovereign …
N-power news – FG initiates the next stage of enrollment for batch C
N-power news and update. The FG has initiated the next stage of the enrollment process for batch C applicants of the N-power program. This was …
Bankers with more assets than income to face jail time – EFCC
Financial operators and bankers have been notified by the Economic and Financial Crimes Commission, EFCC, that the Bank Employees, ETC. (Declaration of Assets) Act 1986 …
Electronic Settlement Limited, ESL gets a fine of N5mn over data breach
National Information Technology Development Agency, NITDA said that it has concluded the investigation process on the personal data breach that occurred at Electronic Settlement Limited …
The DMO announces a Debt to GDP ratio of 21.61% – N32.91trn
By the end of 2020, the Total Public Debt held in Nigeria was at N32.915 Trillion – DMO. Nigeria’s Debt to GDP ratio as of …