The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of the next President of the bank.
Nigerian consumers have called for greater innovation from money transfer providers to support their remittance needs, according to Western Union’s inaugural Global Money Transfer Index.
The Nigeria Labour Congress (NLC) has said it would picket all Central Bank of Nigeria (CBN) offices nationwide on March 29, following the continued cash crunch.
The decision by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise the Monetary Policy Rate (MPR) may prove unhelpful, say financial experts.
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting the recession in 2020.
The domestic bourse posted a 0.03 percent rebound to close at N29.909 trillion, gaining N10 billion, following the upward review of the Monetary Policy Rate, (MPR) from N17.50 percent to 18 percent on Tuesday.
The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date.
Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks.