Declining liquidity crunch is conspiring with activities of speculators to undermine the efforts of the President Tinubu-led Federal Government to achieve stability in the nation’s foreign exchange market contrary to the intent of the forex reform. This has seen the…
The Central Bank of Nigeria said it has achieved 64.1 per cent financial inclusion. It also said it was targeting 95 per cent inclusion by 2024. The Assistant Director, of Financial Development, of CBN, Paul Oluikpe, while speaking at an…
By Sodiq Adelakun The World Bank has raised concern over government borrowing from the Central Bank. World Bank Group urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce the inflationary pressure on the economy.…
The exchange rate between the naira and dollar sold at an intra-day high of N869/$1 at the Investor & Exporter Window. This is according to data from the FMDQ. The intra-day high represents the highest price the dollar was traded…
The Naira on Friday ended the week losing against the dollar, exchanging at N775.76, at the Investors and Exporters window. The local currency lost 0.93 per cent when compared with N768.60 which it exchanged for the dollar on Thursday. The…
By Sodiq Adelakun The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the country’s exchange rate, as the naira continued to slide against the dollar. He gave the assurance while…
The Central Bank of Nigeria (CBN) has raised its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 25 basis points to 18.75 per cent. The decision was announced on Tuesday by Acting Governor of the CBN, Folashodun…
By Sodiq Adelakun Naira yesterday appreciated against the dollar across foreign exchange (FX) market as demand for the greenback moderated. In some FX trading areas across the country on Wednesday, naira steadied at N867 per dollar. In some other areas…
AG DG, Pencom Pan-African credit rating agency, Agusto & Co, Mrs. Aisha Dahir-Umar has projected that Nigeria’s total pension assets will rise to N19 trillion by the end of 2024. This is contained in a report titled, “The Nigerian Pension…
Financial services, FBN Holdings Plc, has said it will raise fresh capital subject to the approval of shareholders at the group’s annual general meeting scheduled for next month. This was contained in the group’s notice of its 11th annual general…
