CBN To Intervenes in Forex Market, Expects Volatility to Moderate Soon- CBN Governor
The Central Bank of Nigeria (CBN) has announced its intervention in the foreign exchange market, aiming to address the current...
CBN Reaffirms Plan to Phase Out Old Naira Notes Gradually
During the recent Monetary Policy Committee (MPC) meeting held at the CBN headquarters in Abuja, the Central Bank of Nigeria...
CBN raises interest rate to 18.75% Amid Economic Fluctuation
In its first Monetary Policy Committee (MPC) meeting under the Tinubu administration, the Central Bank of Nigeria (CBN) has opted...
Euro Area Bank Lending Survey Shows Tightened Credit Standards and Decreased Loan Demand in Q2 2023.
The July 2023 Euro Area Bank Lending Survey (BLS) revealed that credit standards for loans or credit lines to enterprises...
Public Outcry as National Assembly Spends N53.7 Billion on Exotic Cars for Lawmakers
The escalating public spending on exotic cars for federal lawmakers has sparked concern and criticism after revelations that the National...
China’s State Banks Engage in Offshore Dollar Sales to Curb Yuan Declines.
In the early hours of Thursday, major state-owned banks in China were observed engaging in dollar selling to purchase yuan...
Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.
The recent unification of the exchange rate in Nigeria aimed to close the gap between the Investors and Exporters (I&E)...
CBN to Release Full List of Licensed Bureau De Change Operators
The Central Bank of Nigeria (CBN) has announced that it will be releasing the complete list of licensed Bureau De...
Ecobank Nigeria to Appeal N72 Billion Judgment in Favor of Honeywell Flour Mills
Ecobank Nigeria Limited has announced its decision to appeal a recent judgment delivered by the Federal High Court in Lagos,...
Britain to add Nigeria’s naira to list of accepted trade currencies.
In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion...
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