Despite CBN’s Restrictions, Nigerians Traded N316.9bn Bitcoin In 2021
Nigerians traded at least N316.9bn in bitcoin in 2021 despite the Central Bank of Nigeria (CBN)'s restrictions on cryptocurrency transactions in the nation’s banking system.
Last February, the CBN directed banks in the...
10 Banks Loaned Customers N2.9trn In 12 Months
Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn, data collated from their audited financial statements show.
The banks are Stanbic IBTC,...
Private Sector Accounts For 91% Financial Flow Into Nigeria - Pantami
The Minister for Communication and Digital Economy, Isah Ali Pantami, said yesterday that the private sector controls about 91 per cent of financial flow into the country.
The minister spoke...
Tin-Can Customs Processes N56bn Export Goods In Q1, 2022
The Tin-Can Island Command of the Nigeria Customs Service (NCS) processed export goods with a N56.2 billion Free on Board (FoB) value in the first quarter of 2022.
The goods weighed 71...
Maritime Lawyers Oppose 15% Imported Vehicle Levy
As the controversy surrounding the introduction of 15 per cent National Automobile Council levy on imported vehicles lingers, some maritime lawyers have demanded court intervention as a way of resolving the matter.
The Nigeria...
BOI Grows Profit By 75% To N62bn In 2021
The Bank of Industry (BOI) Group has reported a profit before tax of N62.28 billion for the financial year ended December 31, 2021; 75 per cent higher than the 2020 profit...
