The naira has strengthened against the United States dollar and other currencies like euro and pound in both the official, unofficial foreign exchange markets.
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Banks, including Access, UBA, Zenith, GTB to close branches for 24 hours
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Nigerian bank shuts down, updates social media accounts to new name
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Federal government earns over N78 billion from electronic transfer levy, distributes funds
The Nigerian government has earned about N78 billion from Electronic Transfer Levy in the first few months of 2024, and the funds were shared among 3 tiers.
Canada lowers scores for skilled Nigerian workers, others to secure permanent residency
The government of Canada has revised the scores needed for skilled immigrants to secure permanent residency in the country to 739 points in a recent draw.
New Zealand changes work visa rules to ease applications for spouses of foreign students
New Zealand has relaxed its work visa rules for spouses and children of international students doing specific programmes listed on the Green List.
CAC announces new deadline for POS registration, banks get instruction to block accounts
The CAC extends the deadline for PoS operators to register their businesses to August 31. Non-compliance may result in account suspension or closure.
Full list: CBN releases interest rates on customers’ savings accounts for access, UBA, GTB, others
The Central Bank of Nigeria (CBN) has released the latest savings interest rates for Nigerian banks, which include Fidelity Bank, and Guaranty Trust Bank.
After successfully repaying 420 agencies, FG speaks on obtaining $5 billion loan from Afreximbank
According to the federal government of Nigeria, Afreximbank has given it $5 billion to support the economy, of which $3 billion is being used to de-risk the system.
Nigerian banks search for cash, rush to CBN, borrow over N1trn in hours
Commercial banks are facing a liquidity shortage following the CBN decision on monetary policy, leaving banks with the need to borrow more for operations.
Naira crashes at CBN official market, traders sell US dollar at new exchange rate
Nigerian currency, the naira has depreciated in value against the United States dollar again leaving the Central Bank of Nigeria with more headache.
“What if I travel”: Nigerians react as crypto firms inform customers on new transaction fees
Cryptocurrency firms in Nigeria are informing customers about a new 7.5% VAT on transaction fees starting July 8, 2024, in compliance with FIRS regulations.
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