By Sodiq Adelakun In recent weeks, reports of a scarcity of naira notes have emerged from various parts of Nigeria, causing concern among citizens and businesses...
In a significant move to address the foreign exchange crisis in Nigeria, the Central Bank of Nigeria (CBN) has reportedly started clearing over $10 billion in...
The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the...
By Sodiq Adelakun The Nigerian naira’s prospects have improved following reports that the Central Bank of Nigeria (CBN) is likely to fulfill its forward foreign exchange...
By Sodiq Adelakun The naira is facing significant challenges as it once again surpasses a crucial resistance level on the black market, settling at N1,170 against...
The Nigeria Deposit Insurance Corporation (NDIC) has said it has refunded more depositors of microfinance banks whose licences were recently revoked by the Central Bank of...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Wednesday in Abuja enjoined the Federal Government to award 25 percent of its contracts to...
A US multinational A US multinational financial services firm, JP Morgan, has projected that the naira would trade at about N850 to the dollar before the...
By Sodiq Adelakun Nigeria Infrastructure Debt Fund (NIDF) has reported a revenue of N3.81bn ($9.9m) in Q3 2023, marking a YoY increase of 26.4% from the...
The Central Bank of Nigeria has refuted reports that it intends to redenominate the country’s currency, the Naira, from January 2024. In a statement released on...