The World Bank has stated that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank also reaffirmed its projection...
The Central Bank of Nigeria, CBN, has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian banks. The apex bank disclosed this...
The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to 1,588 eligible Bureau De Change operators at the rate of N1,101 to...
The Central Bank of Nigeria has begun another tranche of dollar sales to Bureau De Change Operators to further boost Naira’s appreciation at foreign exchange market....
Naira has continued to gain tremendously at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the...
The Central Bank of Nigeria says Nigeria recorded over $1.5 billion inflow into the economy in the past few days. Sidi Ali, the acting Director of...
The Central Bank of Nigeria, CBN, has removed limits placed on trade and payment services transactions on the Pan African Payment and Settlement System, PAPSS. The...
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75 per cent...
The Central Bank of Nigeria (CBN) has approved the sale of $10,000 to each Bureau De Change (BDC) at the rate of N1,251/$1. This is contained...
Access Holdings Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank...