What Is Central Bank Digital Currency (CBDC)?   CBDCs are digital currencies issued by central banks. Their value is linked to the issuing country’s official currency. When was the last time you paid for something with cold, hard cash? While physical currency...

Cash Crunch: Customers Lament As Banks Resume Operations After Election   Residents of Osogbo, the Osun State capital, have continued to experience scarcity of Naira notes even as the February 25 presidential and National Assembly elections have been concluded. Majority of the...

Polls Controversy: Fuel Hits N300/litre As Marketers Halt Loading   Oil marketers, on Tuesday, said many depots had stopped loading Premium Motor Spirit, popularly called petrol, due to the apprehension caused by the collation of results of the general elections across...

Only 24% Of CBN Anchor Borrowers’ Loans Repaid, Says IMF   The International Monetary Fund (IMF) has disclosed that only 24 per cent of loans dirbursed under the Anchor Borrowers’ Programme of the Central Bank of Nigeria have been repaid. This disclosure...

Forex Inflows Into Nigeria’s Economy Drop By 40% To $26bn   Foreign exchange in flows into Nigeria’s economy fell year-on-year (YoY) by 40 percent to $26.32 billion in the first 11 months of 2022 (11m’22), from $44.01 billion in the corresponding...

Airlines Reduce Flights By 60% Days After Presidential/NASS Elections   As the Presidential election results collation continues amidst tension across the country, airlines operating domestic operations have continued to carry out skeletal operations over shortage of passengers. Checks at the Murtala Muhammed...