Forex subsidy to BDC operators is reason for Naira appreciation–Financial Analyst
A financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention
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CBN
CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
The Central Bank of Nigeria (CBN) has increased the capital base for commercial banks with international authorization to N500 billion
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Nigeria’s public debt jumps from N87.91 trillion to N97.34trn in nine months—- NBS Report
The National Bureau of Statistics, NBS, Nigeria’s public debt stock rose from N87.91 trillion, $114.35 billion,in the third quarter of
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Dollar is not selling at N1,000 per dollar– BDCs debunk fake news
Contrary to the report making the rounds on X (formerly Twitter), Bureau De Change operators said there was no truth
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CBN raises interest rate to 24.75% amidst galloping inflation & economic hardship
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This
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Detained Binance executive Nadeem Anjarwalla escapes from custody and flown out of the country
Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped
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CBN to sack 19 ‘Emefiele’ directors….Some sacked directors head to court for redress
Nineteen directors at the Central Bank of Nigeria (CBN) are set to be dismissed in the coming days, following the
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Nigeria inflation now rises to 31.70% under 9 months of Tinubu
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities, increased by 1.80
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Naira continues its downward fall and now exchanges for N1,620 to a dollar in parallel market
THE naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the
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Many CBN cash movements under Buhari didn’t have presidential approval—FG
The government of President Bola Ahmed Tinubu has claimed that the signature of previous President Muhammadu Buhari was absent from
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