eNaira Goes Live On Monday October 25, 2021
PRESIDENT Muhammadu Buhari is scheduled to formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the State House, Abuja.
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FG’s Deficit Continues To Widen As DMO Oversells October Bond Auction
AS funding pressures on the fiscal coffers of the Federal Government (FG) continues, and in line with the trend observed at recent auctions, the Debt Management Office (DMO) has sold N192.8billion worth of bonds against the N150.0billion offered. Information obtained from the
How eNaira Platform Can Work In Phones Not Internet-enabled
THE Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled or Android phones will still make transactions on the eNaira platform. The apex bank disclosed this in a document titled ‘Design paper for the eNaira’. According to the apex bank, eNaira was
AfDB Group, MTN Sign $500,000 Grant Deal To Study Women’s Access To Financial Services
THE African Development Bank (AfDB.org) has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women
Citigroup Recognizes Fidelity Bank For Efficiency In Foreign Currency Payments
IN recognition of its excellent operational efficiency in foreign currency payments, leading financial institution, Fidelity Bank Plc, has been given the Straight-Through Processing (STP) Excellence Award by Citigroup. Every year, Citigroup, a leading global bank headquartered in New York and present in
Sterling Bank Promotes Renewable Energy Use
…Powers Corporate HQ With Solar Technology Sterling Bank Plc is showing commitment to promoting renewable energy use. It currently powers its corporate headquarters with Integrated Photovoltaic (BIPV) energy technology as the primary source of energy. Dele Faseemo, Group Head of Energy at
CBN Releases Guidelines For Implementation Of Tertiary Institutions Entrepreneurship Scheme
…To Harness Potential Of “Gradpreneurs” THE Central Bank of Nigeria (CBN), on Wednesday, released guidelines for the implementation of tertiary institutions entrepreneurship scheme. The Guideline outlines the operational modalities for the Scheme, with the objective of enhancing access to finance by undergraduates
Nigeria’s Credit Profile Reels Under High Corruption Levels, Says Moody’s
ALTHOUGH the credit profile of Nigeria (issuer rating B2) reflects "ba2" economic strength, supported by the
Nigeria’s External Debt Service To Rise By $260m On Eurobond Issue
A fresh report by FBNQuest, an investment banking and research arm of FBN Holdings Plc has revealed that, due to the latest Eurobond issuance by the Federal Government of Nigeria (FGN), the annual cost of external debt service is set to rise
Fidelity Bank May Issue $500m Unsecured Notes
… Bank Plans Listing On Irish Stock Exchange FIDELITY BANK PLC, has announced consideration to raise $500 million capital from the international debt capital market through unsecured notes issuance. According to a notice at the Nigerian Exchange signed by Ezinwa Unuigboje, the
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