Nigeria’s GDP Growth Slows to 2.98% in Q1 2024, Driven by Services Sector
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s Gross Domestic Product (GDP) growth rate to 2.98% in the first quarter...
Nigeria’s Central Bank Reverses Controversial Cybersecurity Levy on Electronic Transfers
In a sudden move, Nigeria's central bank has retracted a contentious 0.5% cybersecurity levy on electronic transfers, just three days before its scheduled implementation....
Growing Investor Confidence: Cardoso’s Insights on Nigeria’s FX Market Featured in Financial Times Interview
Central Bank of Nigeria's Governor, Mr. Olayemi Cardoso, has noted a growing confidence among investors in the apex bank's management of the foreign exchange...
Q1 Sees 6.28% YoY Decrease in Total Direct FX Remittances to $282.6m
Despite efforts by the Central Bank of Nigeria (CBN) to attract foreign exchange into the country, total direct FX remittances dropped by 6.28 per...
NewsAnalytrics Report: Canadian Financial Regulator Imposes $4.3 Million Fine on Binance for Administrative Violations
Canadian Regulator Fines Binance $4.3 Million for Regulatory Breaches
Binance, a prominent cryptocurrency exchange, faced a hefty C$6 million ($4.3 million) fine from Canadian regulators...