Money market

How wearing face mask can cause your ATM transactions to fail– Banks

In this era of the Coronavirus pandemic, wearing a face mask may cause bank customers unable to withdraw money from…

FMDQ lists N23bn debt Securities in move to deepen financial market

In a move to deepen the Nigerian financial system and provide more investment instruments for investors, FMDQ Securities Exchange Limited…

Africa’s junk bonds among hottest investments with big yields

Africa’s sovereign bonds -- all of them rated junk -- have been among the biggest beneficiaries of the risk-on mood…

BVN-linked accounts now 41.82m

Active bank accounts linked to bank verification number (BVN) in Nigeria as at last month stood at 41.82 million, a…

CBN extends accounts submission deadline for MfBs, others

The Central Bank of Nigeria has extended the timeframe for the submission of the 2019 audited financial statements of Other…

Eid-el-Fitr: Online financial transactions hit 3.4 million

Bank customers carried out about 3.4 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on the second…