CBN Guideline Prompt BDCs to Mull Mergers Amidst Capital Increase
The Central Bank of Nigeria (CBN) has set forth a regulatory proposal that has stirred significant debate and strategic maneuvers...
N1,571/$”: Naira Reverses Gains, Falls at Black and Official Markets Against US Dollar
The Naira experienced a setback on the Nigerian Autonomous Foreign Exchange Market (NAFEM) after a brief period of gains. According...
FMDQ Traders Introduce Key Reforms for Stability in Nigeria’s Forex Market
In a bid to bring stability to Nigeria's forex market, traders on the FMDQ platform, where forex is officially traded,...
CBN Sells N1.58 Trillion in Treasury Bills, Interest Rates Reach 19% in Latest Auction
The Central Bank of Nigeria (CBN) has conducted another successful Treasury Bills auction, selling a substantial N1.58 trillion as part...
FX Crisis: Examining FX Manipulation, Crypto Platforms, and Regulatory Response
The Nigerian economy is currently facing significant challenges, particularly with the ongoing FX crises and the depreciation of the Naira....
Obi Urges FG To End Customs FX Rates Inconsistency
Peter Obi, the 2023 presidential candidate of the Labour Party, has called on the Federal Government to address the inconsistency...
Nigeria’s Broad Money Supply Hits Historic High, Surging to N93.72 Trillion
Nigeria's monetary landscape witnessed a monumental surge as the broad money supply skyrocketed to a historic high of N93.72 trillion...
Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately...
NCC Orders Telecom Firms to Block Access to Binance and Other Crypto Sites Over FX Rate Hike
In a surprising move impacting Nigeria's cryptocurrency landscape, the Nigerian Communications Commission (NCC) has issued a directive to telecommunications firms...
Senate to Investigate Buhari Government and Emefiele Over N30 Trillion CBN Loans
In a bid to unravel the circumstances surrounding the N30 trillion loans obtained by the Central Bank of Nigeria (CBN)...
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