Relief as CBN clears payment of verified FX claims by airlines
The Central Bank of Nigeria (CBN), said it had fulfilled its pledge to clear the backlog of foreign exchange owed foreign airlines in the country. The apex bank said it did this by paying all verified claims with an additional…
CBN injects $500m into forex market to rescue ailing naira, but…
The Central Bank of Nigeria (CBN) has pumped an additional $500 million into the volatile foreign exchange market to address persistent transaction backlogs. The latest development from the bank of Lenders of Last Resort (LoR) comes barely a week after…
Access Pensions Limited ready to merge with ARM Pension Mgrs.
Leading financial conglomerate, Access Holdings Plc (Access Holdings) is pleased to announce a major development in its ongoing growth strategy. Access Golf Nigeria Limited (‘Access Golf’), a majority shareholder of Access Pensions Limited (‘Access Pensions’) which is a subsidiary of…
WFE: Popoola Harps on technology revamp, review of listing rules, FPI targeting
The Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc has highlighted various plans by the exchange group to revamp its technology infrastructure, attract listings, enhance retail investors participation and foreign capital inflows. Popoola stated this whilst addressing…
‘With AccessMore App, customers go beyond banking’
The last time a family member of mine booked a plane ticket they had to go to the airport to do it. Imagine if you could book international flights from the comfort of your hands. Imagine being able to send…
WEF helping nations to deepen Trust amid Uncertainty
Amid rising geopolitical tensions, close to 3,000 policy-makers, business executives, international organization and civil society leaders, academics and innovators from around the world came together for the 54th Annual Meeting of the World Economic Forum to rebuild a basis of…
PalmPay rewards agents with N200m cash winnings in End-of-Year Promo
Leading fintech company PalmPay has rewarded thousands of its point of sale (POS) agents under its agency banking platform with N200 million worth of cashback in its recently ended 2023 end-of-year promo. The reward initiative, which was held from December…
Regulatory, cyber, economic risks worry Nigerian businesses —Report
In Nigeria, the Allianz Risk Barometer Report has highlighted the increasing worries surrounding Changes in legislation and regulation, Cyber incidents, and Macroeconomic developments, which have emerged as joint top risks with 36% of responses. Changes in legislation and regulation climbed…
JTB, Customs partner for Effective Tax Management
In a bid to enhance effective tax management in Nigeria, Mr. Olusegun Adesokan, the Secretary of the Joint Tax Board, paid a visit to the Comptroller General of Customs, Bashir Adewale Adeniyi, on January 16, 2023. The visit aimed at…
Chief Economists Outlook: More Economic Uncertainty on the Horizon
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence…
