CBN Reforms Boost Dollar Inflows; Naira Card Restrictions Officially Lifted
Nigerian banks are resuming international transactions on naira-denominated debit cards after years of stringent limitations brought on by dollar shortages and unstable foreign exchange....
Nigeria Unveils REV-OP to Reform Public Finance, Curb Revenue Leakages
In a significant move toward economic reform and fiscal responsibility, the Federal Government of Nigeria has initiated the Revenue Optimization and Assurance Project (REV-OP)....
RE: Fidelity Bank PLC’s Statement on CBN Circular Forbearance Loans
RE: Fidelity Bank PLC's Statement on CBN Circular Forbearance Loans
By Naomisophyblog
Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central...
CBN Fines Banks N150 Million Over Illegal Mint Naira Transactions
The Central Bank of Nigeria (CBN) has penalized negligent Deposit Money Banks (DMBs) N150 million per branch in an effort to curb the illicit...
N20bn Consumer Credit Fund Announced by CREDICORP, NADDC for Local Automobiles
The first phase of a consumer credit facility that will allow Nigerians to buy domestically produced cars has been launched by the National Automotive...
Nigerians clear N4.05trn in personal loans within three Months
Due to the high interest rates on their debts, Nigerians' personal loan balances with commercial banks decreased from N7.52 trillion in the first quarter...
CREDICORP: 151 Financial Institutions Shows Interest Before Credit Disbursements
CREDICORP: 151 Financial Institutions Shows Interest Before Credit Disbursements
By Ifeoma Ikem
As the recently established Nigeria Consumer Credit Corporation (CREDICORP) advances towards disbursement of consumer...
