CBN Grants 9mobile Payment Service Bank License. The Nigeria’s central bank has granted 9mobile, a challenger telecom company, payment service bank licence. 9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the apex bank to commence operations in the country

NSE to Remain Positive amid Tier-1 Banks Earnings Releases

Naira Remains Resilient as CBN Sets to Resume FX Sales to BDCs. Nigeria’s local currency, Naira, maintained strong position this week amidst the apex bank plan to resume its weekly intervention sales.

We See Stronger Market Recovery if CBN Solves FX Illiquidity – Analysts

Berger Paints: Uninspiring Earnings to Dampen Shareholders Return –Meristem

Banks’ Provisions for Retail FX Auction Could Pressure Funding Rates

AFDB President seeks a second term “to serve Africa”

Onyeagwu Seeks Expansion of Non-Oil Exports Post COVID-19. The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports.

KPMG to Release Digital Channels Ranking for Nigerian Banks. KPMG Professional Services, says it will release Digital Channels ranking for Nigerian banks to urgently scale up on capabilities to deliver products and services via digital channels.

Oil: U.S Output Cuts, China Trade Deal Raise Brent Prices. Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks.