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The present administration has resisted increasing calls by some businesses and state governors who have been negatively impacted by an artificially overvalued naira to...
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The purpose of the CBN directive was to implement the January 31 deadline.
According to Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), the Central Bank of Nigeria’s (CBN) foreign exchange...
Forex traders said the fall is because of the sustained scarcity of the dollar.
Guaranty Trust Holding Company Plc (GTCO), Africa’s leading financial services institution, has been named Nigeria’s strongest brand and Best Banking Brand by Brand Finance...
On May 21, 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 295th meeting with a pivotal decision:...
The present administration has resisted increasing calls by some businesses and state governors who have been negatively impacted by an artificially overvalued naira to...
The CBN may have also confirmed the forex pressures businesses are facing in its monetary policy communique of January 26, 2020 when it cited...
The exchange rate disparity between the parallel market and the official market widened again to N78.50, representing a 16.7% devaluation differential.
The exchange rate at the parallel market closed at N470/$1 on the last day of trading December 31, 2020.
In the parallel market, the exchange rate between the naira and the US dollar stood at N470/$.
Last week, the Nigerian Stock Exchange All-Share Index (NSE-ASI) rose by 7.46% with a gain of 37.12% year-to-date to close at 36,804.75.
A central reporting portal for all foreign remittances to be managed by the Nigerian Interbank Settlement System (NIBSS) is currently under development.
This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9.
The mission recommended vigilance and corrective actions to prevent an increase in financial stability risks arising inter alia from increasing non-performing loans.
Average yields on federal government bonds across the short and long tenor of the curve widened by 2 and 16 basis points respectively.