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News
European financial technology giant Revolut has announced it will delist Tether (USDT) for its users, citing upcoming regulatory changes.
The Comptroller-General of Customs (CGC), Adewale Adeniyi, has been honoured with the
The Securities and Exchange Commission (SEC) has approved the commencement of the N351 billion rights issue capital raising programme of Access Holdings Plc.
International payments for transactions related to letter of credit issued to foreign businesses by deposit money banks (DMBs) on behalf of their customers sank by 46.10% year on year to about $806 million in May 2024, data from the apex bank revealed.
As liquidity pressure persisted, local deposit money banks (DMBs) increased the speed of their borrowings at the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) at a relatively high rate in the just concluded week,investment firm said.
Financial Health of Top Companies in Nigeria Plunged over FX Reform
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also catalysing the country’s economic development.