Business

The federal government has promised to take appropriate measures to improve access to foreign exchange for the importation of raw materials and machines that are not available locally. President Muhammadu Buhari gave this assurance to…

mNaija recently reported that MTN Nigeria is making 575 million of its shares available to the public at N169 per unit, and sales will open at 8:00 am on December 1 and close at 5:00 pm on December 14. The minimum subscription is for 20…

The Central Bank of Nigeria (CBN) has unveiled the Tertiary Institutions Entrepreneurship Scheme (TIES) designed to grant financial support to undergraduates and graduates with entrepreneurial skills. The CBN Governor, Mr Godwin…

Flour Mills of Nigeria (FMN) Plc has announced  an agreement it has reached with Honeywell Group to acquire its 71.69 per cent majority shareholding interest in Honeywell Flour Mills Plc (HFMP). Furthermore, FMN has also entered into an…

MTN Group has announced that it is ready to sell 575 million shares worth $241.7 million in the Nigerian unit to institutional investors and retail investors. This is the first public offering from the telecommunication giant since…

The Nigerian Central Bank Digital Currency (CBDC), known as the eNaira was officially unveiled yesterday by President Muhammadu Buhari and it's now live. The eNaira will serve as a digital legal tender and carries the same value as the…

The much anticipated Nigerian digital currency, e-Naira has finally been officially unveiled today at the country's State House in Abuja. mNaija recall that the Central Bank of Nigeria (CBN) had earlier announced that President Muhammadu…

The Central Bank of Nigeria, CBN, has announced that President Muhammadu Buhari will officially unveil the e-Naira on Monday, October 25, 2021. mNaija recalled that the CBN had on September 30 suspended the launch of its digital…

Nigerian billionaire businessman and investor, Femi Otedola, on Friday, reportedly took over First Bank of Nigeria Plc. According to The Street Journal, Otedola took over the bank with the acquisition of about ₦30 billion worth of…

The Central Bank of Nigeria (CBN), through Targeted Credit Facility (TCF), has disbursed N343.21billion to 726,198 beneficiaries, comprising 602,730 households and 123,468 Small and Medium Enterprises (SMEs). The CBN Governor, Godwin…

The Central bank of Nigeria CBN recently postponed the launch of the eNaira indefinitely. The digital currency was supposed to be unveiled on October 1st, 2021. However, the postponement is not preventing banks from onboarding the eNaira…

The Central Bank of Nigeria (CBN) has suspended the launch of its digital currency, called e-Naira. This is coming hours to its scheduled launch on October 1st – Independence Day. The suspension of the launch was announced by CBN…

The Central Bank of Nigeria, CBN, has launched the official website for the upcoming digital currency, eNaira. The development is coming exactly a week to the planned launch of the initiative. According to analytics monitored by This…

The Non-Interest Targeted Credit Facility (TCF) is a stimulus package to support household and Micro, Small, and Medium Enterprise (MSMEs) affected by the COVID-19 pandemic. It is a non-interest term facility targeted at small businesses…

The Nigeria Jubilee Fellows Programme, recently officially launched by President Buhari on August 31, 2021, does not charge a fee at any stage of the application or work placement process. Also, the website for the Programme is:…

The Central Bank of Nigeria (CBN) recently approved a Non-interest facility loan and now opened the application portal for households, SMEs and AGSMEIS under NIRSAL Micro Finance Bank. As earlier mentioned, interested applicant can go…

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has announced that it has secured N232 million credit facility from two banks to finance poultry production and cocoa export in Cross River state.  Aliyu…

Technical Partner for digital currency, e-Naira has been selected by the Central Bank of Nigeria (CBN) has and the lucky Fintech company is Bitt Inc.. e-Naira is expected to be launched before the end of 2021. Governor Godwin Emefiele…

In the detailed presentation sent to Nigerian banks on the e-Naira project, CBN sets a transaction limit for customers, non-interest-bearing CBDC status, and an account value limit. Nairametrics reported that the CBN sent a presentation…

The Nigerian naira has continue to fall against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. mNaija learnt that the local currency has dropped to 517 against the US currency at the parallel…