Naira Declines at Official Window to N1329/$1, Gains at Parallel Market, N1,490/$1
The naira yesterday retracted on its gains at the official window and recorded gains at the parallel market. At the…
Category: Finance
Former CBN Director Says He Didn’t See Minutes of Meeting on Naira Redesign
A former Director of Currency Operations at the Central Bank of Nigeria (CBN), Mr. Ahmed Bello Umar, yesterday, said he…
Onyeagwu Caps Stellar Tenure with 2024 Banking CEO of Year in Africa Awards
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named the ‘Best Banking CEO…
In New Regulatory Intervention, CBN Orders BDCs to Reapply for Operating Licences
The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters…
Again, CBN Raises MPR to 26.25% to Subdue Inflation
•Cardoso: Monetary tightening yielding desired outcomes, banking system safe, sound despite headwinds •Plans stronger regulatory framework for fintechs •NECA, •Teriba,…
UK Govt: Nigeria’s Capital Market Needs $10bn Financing Yearly to Meet SDGs by 2030
The UK government yesterday, said it was committed to supporting Nigeria to develop its thriving capital market and sees its…
Alawuba: With N18tn Customer Deposits, UBA Poised to Sustain Industry Leadership, Finance SMEs Across Africa
The Group Managing Director of the United Bank for Africa Plc (UBA), Mr. Oliver Alawuba, yesterday, said the bank’s presence…
CBN Moves to Double Foreign Currency Remittances, Grants AIP to 14 New IMTOs
The Central Bank of Nigeria (CBN) yesterday announced that it has granted 14 new International Money Transfer Operators (IMTOs) Approval-in-Principle…
Inflation Soars to 33.69% Amid Higher Food, Energy, Commodity Prices
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodity further increased to…
In FT Interview, Cardoso Says Investors Getting Comfortable with Nigeria’s FX Market
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said investors have become more comfortable with…