116 customers of Wema Bank were rewarded with about N8 million in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In...
…Justifies relocation of departments, says headquarters currently overpopulated By Sodiq Adelakun In a recent development, the Governor of the Central Bank of Nigeria, Yemi Cardoso, announced...
The Federal Government of Nigeria has pledged to undertake significant macroeconomic reforms in response to the ongoing depreciation of the Naira in the Forex market. The...
…Raises Customs exchange rate to N1,413.62 amidst opposition from importers …FG dismiss rumours of converting domiciliary deposits to Naira By Sodiq Adelakun The Central Bank of...
The Finance Minister and Coordinating Minister for the Economy, Wale Edun has met with the Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso and...
By Sodiq Adelakun The Naira experienced a severe depreciation against the US dollar, closing the month of January at an unprecedented rate of N1,455.59. This marked...
…Accuse banks of hoarding FX to increase profits By Sodiq Adelakun In response to the ongoing depreciation of the Naira, the Central Bank of Nigeria (CBN)...
The Nigerian naira plummeted to an unprecedented low against the US dollar on the official market, as reported by FMDQ Exchange on Wednesday. The currency’s value...
By Sodiq Adelakun The International Monetary Fund (IMF) has revised its economic growth forecast for Nigeria in 2024, lowering it to 3.0 percent from the previously...
On Friday, at least 1,500 employees of the Central Bank of Nigeria will begin work at its Lagos office after being redeployed from the headquarters. Despite...