…IMF to support Nigeria as naira appreciates to N663/$ By Sodiq Adelakun The International Monetary Bank (IMF) has backed the Central Bank of Nigeria (CBN) in unifying its foreign exchange Market. Recall that CBN announced operational changes to the foreign…
Economists have continued to give kudos to the Central Bank of Nigeria (CBN) for allowing the Naira to float freely on the Investors and Exporters (I&E) window. Banks are now allowed to trade foreign exchange on the I & E…
The Central Bank of Nigeria, CBN, has confirmed the operational changes to the foreign exchange market. In a statement on Wednesday by Angela Sere-Ejembi, Director, Financial Markets of CBN, the apex affirmed the abolishment of segmentation and all segments are…
Olisa Agbakoba, a Senior Advocate of Nigeria and former President of the Nigerian Bar Association, has advised President Bola Ahmed Tinubu that the Chairman of the Independent National Electoral Commission, Prof Mahmood Yakubu, must leave office by resignation or removal.…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has announced the cessation of the RT200 rebate scheme and the Naira4Dollar remittance scheme, with effect from June 30. This was disclosed in a statement by Director, Financial Markets, Angela Sere-Ejembi…
In a bid to move away from a fixed foreign exchange policy, Nigeria’s Central Bank has loosened control of rates in what appears to be a managed float. It was gathered that from one of Nigeria’s leading banks that the…
Naira appreciated against the dollar by 0.18 per cent at the Investors and Exporters (I&E), on Tuesday, the first trading day after a shakeup at the Central Bank of Nigeria (CBN). After trading on Tuesday, the Naira to dollar was…
As the Central Bank of Nigeria (CBN) makes effort to create a path way for the wide acceptability of E-Naira in the country, particularly for business transactions, experts are of the view that acceptance of the E-currency among the mechanism…
The presidential candidate of the African Democratic Congress in the 2023 general elections, Dumebi Kachikwu, has urged President Bola Tinubu to order an investigation into the activities of the Central Bank of Nigeria, the Nigerian National Petroleum Company Limited and…
The Department of State Services, DSS, has said the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele is currently not under its custody. Reports of Emefiele’s arrest had emerged shortly after he was suspended by President Bola…
