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Business – Gist Alerts

CBN Revises Guidelines For Bureau De Change Operators

The CBN has updated its regulatory guidelines for Bureau De Change operators in Nigeria. After consulting with stakeholders, the following…

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Opay, Moniepoint, Others To Resume New Customer Enrollments Soon – CBN

The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank,…

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Nigeria’s Inflation Rate Hits 33.69% In April 2024

Nigeria’s inflation rate accelerated to 33.69% in April 2024 compared to the March 2024 headline inflation rate of 33.20%. This…

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Multichoice Increases DStv, GOtv Prices

Broadcasting company, Multichoice has increased the prices of its offerings in Nigeria months after its last increment. The company reviewed…

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Nigeria’s Inflation Rate Hits 33.20% Despite Naira’s Recovery

Despite Naira’s rebound, Nigeria’s inflation rate has accelerated to 33.20% in March 2024 from 31.70% recorded in February. This was…

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CBN Stops Use Of Foreign Currencies As Collateral For Naira Loan

The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as…

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CBN Increases Commercial Banks Capital Base

The Central Bank of Nigeria has announced the increase of the capital base for commercial banks with international authorisation to…

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CBN Hikes Interest Rate To 24.75%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 200…

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Central Bank Of Nigeria Clears $7bn Forex Backlogs

The Central Bank of Nigeria has announced that it has cleared all valid foreign exchange backlogs, effectively removing a legacy…

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Access Bank To Acquire National Bank Of Kenya

Access Bank is set to acquire  the National Bank of Kenya from the KCB Group, marking its second acquisition of…

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