What is cryptocurrency?According to Investopedia, a cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Ma...
Treasury Bills are a type of debt instrument issued by CBN on behalf of the government to raise funds for spending. Treasury notes are another tool the CBN employs in its efforts to manage the economy...
After years of fixing FX prices, Nigeria's Central Bank floated the Naira in June. The loss of authority over the Naira was a critical step toward the elimination of Nigeria's numerous exchange rate w...
Yesterday's domestic stock at the Nigerian Stock Exchange (NGX) sustained the second trading session of the year with a gain of N847 billion as investors bargained for United Bank for Africa (UBA) and...
According to this week's analysis, there has been a forecast that the current bearish trend, which lasted last week, will continue this week as investors look for coverage in fixed-income instruments ...
The Central Bank of Nigeria recently announced that it has successfully cleared the backlog of foreign exchange owed by foreign airlines. The apex bank said it has successfully removed all verified cl...
With more innovations and strategic ideas springing up among fintech startups, digital banks are strongly advancing in the banking industry, swaying customers away from traditional banking as they pro...
Nigeria now the country with the least access to electricity in the world.According to a report released by the World Bank last week, Nigeria has surpassed The Republic of Congo, to have the highest n...
FCMB Group Plc, a leading financial services group in Nigeria, was established in 1977 and became a public limited liability company in 2004. The Group has its headquarters in Lagos and a presence in ...
What is Cash CrunchA cash Crunch is synonymous with a lack of cash or an absence of liquidity.It is when individuals or organizations don't have enough cash at hand to meet their financial obligations...