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See more as CBN announces 3 tools for Islamic banks, expects full adoption
The Central Bank of Nigeria has unveiled a new tool for Islamic banks in Nigeria, which includes three fully-fledged Islamic banks and two conventional banks.
The depreciation of the naira, low productivity, and stagflation—a confluence of high inflation, slow economic development, and high unemployment—have all contributed to Nigeria’s $310 billion […]
Bloomberg has reported that that the Nigerian naira is one among the top ten underperforming currencies worldwide. Five of the ten worst-performing currencies, including the […]
According to data by the Central Bank of Nigeria (CBN), dollar inflows by international money transfer organisations (IMTOs) to Nigeria grew by 47% to $2.33 […]
