Stakeholders in the Nigerian capital market community continue to grieve as it held a closing gong ceremony at the Nigerian Exchange Ltd. (NGX) to honour the late former Chairman of the NGX Group, Mr Abimbola Ogunbanjo. The late Ogunbanjo alongside…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) is set to hold its first Monetary Policy Committee (MPC) meeting under the leadership of Yemi Cardoso as Governor on Monday and Tuesday. Economic experts are predicting that the benchmark interest…
By Sodiq Adelakun In a bid to reduce the mortality rate of businesses waiting for loan approvals, the Federal Government is considering implementing solutions that will ensure the disbursement of loans to Medium, Small, and Micro Enterprises (MSMEs) within 14…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has introduced new regulations for Bureau De Change (BDC) operators in an effort to curb excesses and bring stability to the foreign exchange market. Under the revised regulatory framework, foreign exchange…
By Sodiq Adelakun The Nigerian Naira has experienced a significant decline in the parallel market exchange rate, reaching a record low of N1960 per Euro. This drop is due to persistent demand pressures that continue to erode the value of…
By Sodiq Adelakun In a recent development that has significant implications for importers and the business community, the Central Bank of Nigeria (CBN) has once again increased the exchange rate for cargo clearance, this time to N1,605 per US dollar.…
President Bola Tinubu has approved the appointment of Mr. Ibrahim Khalil Gaga as Executive Director, Corporate Services, at the Nigerian Export-Import Bank (NEXIM). Mr. Gaga, a lawyer, has gained over 25 years of experience in the banking sector as well…
…CBN implements measures to stabilise Naira, combat inflation In a response to the surging cost of living, the Nigerian government has announced plans to significantly expand its direct cash transfer initiative, aiming to support an additional 12 million households. This…
In a recent bond auction, Nigeria’s Debt Management Office (DMO) faced a lukewarm response from investors, managing to secure just about half of its target amount. The office aimed to raise N2.5 trillion through the sale of seven and 10-year…
…As company records N106bn loss Reduced purchasing power of consumers in the country have negatively affected the profits of Nigerian Breweries. The CEO of Nigerian Breweries, Hans Essaadi lamented that Nigerian consumers of its Goldberg brand can no longer afford…
