As Nigerians Await CBN Digital Currency By Ademola Oyetunji On February 5, 2021, the Central Bank of Nigeria (CBN) for the third time in four years, warned against cryptocurrency operation in the country's financial space, tagging it illegal. It also ordered...

Jaiz Bank secures $25m Shariah-complaint Fund from Islamic Corp Jaiz Bank Plc has secured a $25 million Shariah-compliant Line of Financing (LoF) from Islamic Corporation for the development of the private sector (ICD) to support Small and Medium Enterprises (SMEs)...

NAICOM Stops Manual Operations, Shifts to Online Platform The National Insurance Commission (NAICOM) has announced that its operational activities have gone online effective September 1, 2021. The apex Insurance regulator explained that the development is targeted at enhancing efficient service delivery...

Anambra, Kogi Join Oil Producing States … Await 13% Derivation Fund Anambra and Kogi States may have finally joined the league of Oil Producing States in Nigeria as their oil wells have been recognised by the Revenue Mobilisation Allocation And Fiscal...

CBN Bares Its Fang By Ademola Oyetunji It was an unexpected bang from the CBN Governor, Godwin Emefiele at the end of the Bank’s bimonthly Monetary Policy Committee meeting of July 2021. The fallout of the meeting was the decision by...

Nigeria Eyes 10% Control of Africa’s Imports The federal government has stated that the strategic objectives of Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) is to capture 10 per cent of Africa’s imports as well as to...