Business143 Videos

South African rand firmer, eyes on U.S.-Iran tensions

South Africa’s rand firmed in early trade on Tuesday as emerging markets drew relief from the absence of any immediate escalation in tensions other than sabre-rattling between Iran and the United States. By 0600 GMT, the rand traded at 14.1900 per dollar, 0.15% stronger than its previous close. In the absence of local catalysts, the […]

Refund to bank customers stand at N76.7bn, $20.9m – CBN

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this at a workshop for business editors and members of the Finance Correspondents Association of Nigeria […]

Nigeria named among highest new users of bitcoin

Nigerians usage of bitcoin has continued to rise despite warnings by the Central Bank of Nigeria that digital currencies are not legal tender. The Chartered Institute of Bankers of Nigeria disclosed this in its release on ‘The Nigerian Banker’, in its December 2019 edition. Part of its report on digital currencies read, “The CBN has […]