Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data.
According to CBN’s Balance of Payments, Nigerian parents and guardians paid about $28.65bn for their wards to study abroad during...
Lukman Otunuga, Senior Research Analyst at FXTM
The next few days could be eventful for Africa’s largest economy despite the quiet domestic economic calendar.
At home, all eyes will be on the current account balance for the final quarter of 2021....
THE House of Representatives’ Joint Committee on Customs and Excise, Banking and Currency has given the Ministry of Finance, Budget, and National Planning; Central Bank of Nigeria; and the Nigeria Customs Service, as well as other relevant stakeholders two weeks to reconcile their differences over the electronic...
•As currency in circulation falls
Banks’ credit to the private sector rose Month-On-Month, MoM, by 4.23 per cent to N36.9 trillion last month from N35.4 trillion in January 2022.
However, currency in circulation fell MoM by 0.27 per cent to N3.29 trillion...
The positive outcomes of the various Central Bank of Nigeria (CBN) interventions in the real sectors of the economy have justified the approach.
The CBN Governor, Mr. Godwin Emefiele, stated this at the opening of the 32nd seminar for Finance Correspondents and Business Editors,...
The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is not necessarily a bad idea.
The DG disclosed this in an interview with the News Agency of Nigeria on Thursday in Lagos, while speaking...
Quidax, a Fintech company that enables Fintech players to provide cryptocurrency-related services to their customers, has unveiled one of Africa’s biggest music producer, Micheal Collins, popularly known as Don Jazzy, as its brand ambassador.
At the unveiling of its brand ambassador in Lagos this week, Quidax,...
Leading Nigerian bank, Fidelity Bank Plc, has been commended for simplifying digital payments and the customer journey following the recent launch of PayGatePlus, a one-stop solution for payments that caters essentially for all business categories within the financial ecosystem.
Powered by OnePipe, PayGatePlus is...
It is no longer news that fraudsters have continued to devise newer, more intricate schemes and tactics in a bid to obtain private data, such as passwords and Personal Identification Numbers (PINs) and defraud their unsuspecting victims. Sadly, many innocent individuals have fallen victim to these fraudsters...
As Central banks across the globe have waged war against soaring inflation.
The Federal Reserve raised interest rates for the first time since 2018 last week, the Bank of England hiked rates for the third consecutive meeting in March while the SARB is expected...
