BUA Cement has announced a dividend payment of N2 per ordinary share to its registered members during the 8th Annual General Meeting held on August 29, 2024. The company also ratified the appointment and re-election of members to key positions…
…Nigeria’s macroeconomic now stable — Minister By Seun Ibiyemi The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has announced that the federal government in the next 3-4 weeks will begin the first issuance of its dollar-denominated…
The Central Bank of Nigeria’s sale of foreign currencies to legible Bureau De Change operators gulped $110.81 million from February to July 18, 2024, amid measures implemented to defend the Naira. This is according to CBN circulars on the release…
The Central Bank of Nigeria has directed all Deposit Money Banks to deposit their excess foreign currency notes with its branches in Lagos and Abuja. The apex bank disclosed this in a fresh circular on Friday signed by Solaja Mohammed…
Worried by the growing impact of fluctuating exchange rates for calculating import duties at the ports, the presidential committee on fiscal policy and tax reforms has advised the federal government to adopt an exchange rate of N800 per dollar for…
…As CBN raises N1.16 trillion from OMO bill auction Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an astonishing 231.99 percent on May 24, 2024. This development coincides with the Central Bank…
The Central Bank of Nigeria has said FX inflows into the country surged by 136 per cent in the first quarter of 2024 compared to last year. CBN governor Olayemi Cardoso, represented by Blaise Ijebor, director of Risk at the…
The naira on Tuesday continued its free fall across the foreign exchange (FX) market, depreciating to a new low of 1,530 per dollar on the parallel market, also known as the black market. This represents 0.98 percent (N15/$1) depreciation compared…
The Naira appreciated to N1000 per US dollar as Monday’s foreign exchange market commenced. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the newsmen. According to the BDC operator, the Naira is expected to appreciate further below the…
Following the settlement of outstanding FX backlog claims by the Central Bank of Nigeria (CBN), the Presidency has warned forex speculators to dump their Dollars. The President’s Special Adviser on Information and Strategy, Bayo Onanuga, made this call in a…
