The Central Bank of Nigeria (CBN’s) directive stopping the use of Non Export Domiciliary Account Collateral for naira loans will boost dollar liquidity, support reserves accretion...
Importers in Nigeria have received a welcome reprieve as the Central Bank of Nigeria (CBN) announced a further reduction in the exchange rate used for calculating...
The Nigerian naira has continued its upward trajectory, reaching a rate of 1,200 against the US dollar on the black market following an adjustment by the...
The naira continued its weeks-long appreciation against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fresh effort to defend the currency....
The Chartered Institute of Bankers of Nigeria (CIBN) has announced a historic net operating surplus of N1.37 billion for 2023, marking a significant growth from the...
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria...
The Nigerian Naira continued its upward trajectory against the United States dollar across foreign exchange (FX) platforms, buoyed by a surge in dollar supply at the...
The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to a statement by...
The naira, Nigeria’s currency, on Wednesday, strengthened to N1,250 to a dollar, gaining 0.8 percent (N10) over N1,260 closed on Tuesday at the parallel market, popularly...
The federal government says it has plans to start issuing domestic foreign currency-denominated bonds from the second quarter (Q2) of 2024. Minister of Finance and Coordinating...