Banks rally for Loans from CBN as Liquidity falls 2,800%
A lack of funds forced banks to move for loans from Central Bank of Nigeria (CBN), as the volume of idle cash (liquidity) in the interbank money market plummeted by 2,183 percent last week.
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CBN Freezes Risevest, Bamboo, Trove and Chaka Bank Account.
Central Bank of Nigeria has frozen the accounts of Risevest, Bamboo, Trove, and Chaka founders for the next six months.
Hacklab Foundation Partners BlueAfric Media to Host AI Hackathon in Nigeria
The largest hackathon in West Africa is set to take place in Lagos, Nigeria, with BlueAfric Media at the forefront of communications for the event.