PBA Reporter, Author at Prime Business Africa

eNaira: CBN Gives Update On Nigeria’s Digital Currency

The Central Bank of Nigeria (CBN) has provided updates on eNaira, saying the Nigeria’s digital currency is easy to access and gives no room for fraud or counterfeiting. The CBN, however, asked

PBA Reporter

2 years ago

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Business

Bank Deposits Rise To N16.89 Trillion In 3 Months – CBN

Banks’ demand deposits, according to the Central Bank of Nigeria (CBN), rose by N1.1tn in three months to N16.89tn as of the end of March. The data obtained from the CBN revealed

PBA Reporter

2 years ago

Business

Alakija Urges Banks To Reduce Stringent Conditions For SMEs

Nigerian philanthropist and businesswoman, Mrs. Folorunso Alakija, has called on Nigerian government to ask banks in the country to reduce their stringent requirements in order to support and enable small and medium

PBA Reporter

2 years ago

Business

Nigerians Use PoS 178.9 Million Times In Two Months – NIBSS

Data obtained from the Nigeria Inter-Bank Settlement System Plc portal showed that Nigerians made use of Point of Sale terminals 3.03 million daily times to process payments in the first two months

PBA Reporter

2 years ago

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business

Nigeria’s Crude Oil Output Drops 1.2 Million Barrels – OPEC

Insufficient investments in the oil sector have limited the capacity of Nigeria and other OPEC member nations to pump the volumes of crude oil approved by the organisation. The Organisation of Petroleum

PBA Reporter

3 years ago

Business

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

The International Monetary Fund (IMF) has foreseen that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This forecast was presented in a tabular illustration in the IMF’s Regional Economic

PBA Reporter

3 years ago

Business

Blackout Hits CBN, Army Headquarters Over Network Vandalism

There was a total blackout at the headquarters of the Central Bank of Nigeria, the Nigerian Army, Federal Ministry of Finance, on Sunday due to the vandalism of the power network in

PBA Reporter

3 years ago

Business

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Jeff Bezos, Amazon’s founder and chairman, has lost $20 billion of his net worth, as the stock of the company is heading for its worst day in eight years. Amazon’s shares plunged

PBA Reporter

3 years ago

Business

Zenith Bank’s Quarterly Earnings Rise By 22%

Zenith Bank Plc has announced that its gross earnings rose by 22 per cent in the first quarter of 2022. According to the lender, the earnings rose from N157.3bn in the first

PBA Reporter

3 years ago

Business

IMF Sends Strong Message On Bitcoins

The International Monetary Fund (IMF) has made a strong case against the adoption of Bitcoin as legal tender by countries. Abebe Selassie, director of IMF’s African Department, made this warning on Thursday

PBA Reporter

3 years ago

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PBA Reporter

eNaira: CBN Gives Update On Nigeria’s Digital Currency

Bank Deposits Rise To N16.89 Trillion In 3 Months – CBN

Alakija Urges Banks To Reduce Stringent Conditions For SMEs

Nigerians Use PoS 178.9 Million Times In Two Months – NIBSS

Nigeria’s Crude Oil Output Drops 1.2 Million Barrels – OPEC

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

Blackout Hits CBN, Army Headquarters Over Network Vandalism

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Zenith Bank’s Quarterly Earnings Rise By 22%

IMF Sends Strong Message On Bitcoins

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