CBN Injects Over $300 Million into Banks as Naira Sees Uptick
Amidst concerted efforts to stabilize the naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300 million...
Equity Market Suffers N2 Trillion Loss Amidst Rising Bond Yields
The Nigerian equities market continued its downward trajectory, with investors witnessing a staggering loss of N1.99 trillion in market capitalization...
BDCs Set Terms for Compliance with CBN Directive
The Association of Bureau De Change of Nigeria (ABCON) has responded to the recent directive issued by the Central Bank...
CBN’s 293rd MPC Meeting Commences: Addressing Nigeria’s Economic Challenges
Today marks the commencement of the 293rd Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), with...
CBN Removes Over N1 Trillion Excess Cash from Access Bank, Zenith, and Others
In a bid to address the persistent challenges facing the Nigerian economy, the Central Bank of Nigeria (CBN) has taken...
CBN Guideline Prompt BDCs to Mull Mergers Amidst Capital Increase
The Central Bank of Nigeria (CBN) has set forth a regulatory proposal that has stirred significant debate and strategic maneuvers...
N1,571/$”: 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....
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