The Central Bank of Nigeria (CBN) has recently released new guidelines regarding contactless payments in the country. These guidelines, outlined in a circular signed by the Director of the Payments Sy...
The European Central Bank (ECB) is the central bank of the European Union. The main responsibilities of the ECB are:Implement monetary policy for the Eurozone countriesProvide funding for European ban...
The Central Bank of Nigeria (CBN) has recently announced a significant overhaul of the Nigerian Foreign Exchange (FX) Market, with the goal of enhancing liquidity and stability. As part of this effort...
As discussed with banks and IMTOs, this scheme takes effect on Monday, 8th of March, 2021 and ends on Saturday, the 8th of March 2021. Business analysts have called out this move by the CBN as an atte...
Everyone talks about money and everyone is in need of money. There is hardly anything one wants to do that doesn’t involve money. But not everyone knows how money works.That is why some don’t know...
Both forex trading and stock trading provide investors with a diversity of investment opportunities, each with its own features, perks, and risk levels. Though they both deal with buying and selling, ...
A financial institution is an institution that deals with fiscal and monetary transactions such savings, lending, investing, and currency exchange. Banks, insurance companies, trust companies,&nbs...
Before we properly discuss the basics of what bitcoin is and how it works, the basic thought to carry about bitcoin is that it is an electronic currency or asset that exists onl...
Nigeria's new forex plan aims for $200 billion in inflows Nigeria's central bank has devised a new strategy to entice $200 billion in foreign dire...
There are some investments that perform perfectly in the short-term while others yield better returns in the long-term, and investing in railroad stocks is one of such investments that perform better ...