Naira Depreciates Further at the Black Market, Exchanges with a Dollar for N729
Wednesday, September 28, 2022: The exchange rate between naira and dollar has continued to plunge, recording an intra-day depreciation of...
Central Bank not under compulsion to provide dollars for flight ticket proceeds, says Governor
Recently, the CBN intervened in what could have translated into a major issue in Nigeria’s aviation sector with the release...
CBN to Debit Banks by Thursday as it Raises Cash Reserve Ratio to 32.5%
The Central Bank of Nigeria (CBN), following its 5 percent increase in the Cash Reserve Ratio (CRR) to 32.5 percent,...
What is Fueling the Surge in Food Prices in Africa?
Staple food prices have spiked by 23.9 percent between 2020-2022 in sub-Saharan Africa, as dependence on food imports, consumption, and...
CBN tells banks to comply with CRR or face a forex ban.
The Central Bank of Bigeria has ordered banks 48 hours to comply with the new Cash reserve ratio (CRR) rate,...
22 Hospitality Limited Acquires 66.13% Stake in Capital Hotel Plc
22 Hospitality Limited has made a successful acquisition of a total of 2,090,199,140 Ordinary Shares of 50 kobo each, which...
Breaking: CBN hikes interest rate to 15.5%
The Central Bank of Nigeria (CBN) has hiked its monetary policy rate by 150 basis points to 15.5%, to combat...
Nigeria to take up full involvement in AFCFTA by Q4
Nigeria, Africa’s giant is set to commence full participation in the Africa Continental Free Trade Area (AFCFTA) in the fourth...
Naira Appreciates Marginally by 0.08% at the Investors and Exporters’ Window
Monday, September 26, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session on a bullish note...
King Charles III will be on the British pound notes by the middle of next year
British pound notes featuring King Charles III's face are projected to reach circulation by the middle of 2024. The Bank...
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