The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has explained that the bank will withdraw from directly funding initiatives to more advisory roles...
The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The Central Bank of Nigeria (CBN) noted that the seeming Naira scarcity in some parts of the country was occasioned by large volume withdrawal...
Multinational financial services firm, JPMorgan Chase & Co expects Naira to US dollar exchange rate to eventually strengthen towards N850 by year-end as the...
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from...
The Central Bank of Nigeria (CBN) has debunked reports making the rounds that it was planning to redenominate or restructure the naira notes in 2024. The...
The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold officially, representing a massive 20.5% depreciation...
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to allow BDCs to carry...
The Nigerian currency, the naira continued its free fall on Thursday as it weakened in the parallel market closing at N1,175 per dollar. It would...
In the early hours of Tuesday, the naira was trading at N1,040/$ in the P2P market and $1,050/$ in the black market. At the spot market...
