Money

This is where you follow the Money. Read as Sub-Saharan tech unicorns compete with Titans of industry and Microfinance institutions in a battle for the Africa’s economy. Find out about the latest news, events and highlights in the world of Finance.

Recapitalization to Manage risks For Local Insurance Companies- Says NIACOM

To enhance the capacity of local insurance companies to be able to manage risk businesses…

LDR 60% Deadline: Loan Defaulters to Forgo Assets in Other Banks

In order for banks to meet with the Loans to Deposit Ratio (LDR) of 60…

Naira in Flow Drops by 0.55% to N2trn, CBN to Reinvigorate Cashless Policy

Due to the continuity of excess liquidity mop-up in the system, currency flow dropped by…

Nigerians React! Government proposes 5% VAT on online purchases

The intention by the Federal Government to implement five percent Value Added Tax (VAT) on…

Despite Oil Price Fall, Nigeria Still Dedicated to OPEC Production Agreement

Nigeria has reassured of its dedication to the production adjustments agreement under the Declaration of…

Inter-bank Foreign Exchange: CBN Boosts Market With $210m

The sum of $210 million has been injected by the Central Bank of Nigeria (CBN)…

CBN Mandates Banks to Lend 60% Deposits, Projects 8.6% Bank Lending Growth

Stemming from the regulations of the Central Bank of Nigeria (CBN), 8.6 percent growth of…

Facebook’s digital currency Libra has gotten a cold reception. This week brings two hearings in Congress

Facebook knew Libra might be a hard sell when it announced the digital currency last…

Airtel Africa Officially Listed on Nigerian Bourse, Now Second Company on NSE

Airtel Africa Plc, on Tuesday 9th of July, became the second telecommunication company that has…

Paris Club Fund, Six States Yet to Gain Full Access

Dr. Hamid Bobboyi, the Executive Secretary of Universal Basic Education Commission (UBEC), on Tuesday the…