Naira Maintains Gains on CBN’s FX Policies as Naira stands at N1419/$
The Nigerian foreign exchange (FX) market remained stable on Monday, with the naira sustaining gains attributed to recent policy interventions...
Financial Expert Urges Government Action to Boost Naira Through Export Sector
In a bid to address the ongoing challenges facing the Nigerian economy, particularly the depreciation of the Naira, financial expert...
Investors Suffer N437 Billion Loss – Nigerian Exchange Reports
In a day marked by sell-offs in some stocks, equity investors on the Nigerian Exchange witnessed a substantial loss of...
CBN Governor Blames Limited Resources For FX Woes
In response to growing concerns about the nation's foreign exchange challenges, the Governor of the Central Bank of Nigeria (CBN),...
Banks Defy Economic Challenges: N703.3 Billion Profit Amidst Inflation and Forex Revaluation
Despite the economic downturn, leading Nigerian banks, including FBN Holdings Plc, Stanbic IBTC Holdings, and five others, have collectively reported...
Dollar Supply Soars by 180% Following CBN Interventions
In a resounding turn of events, the official foreign exchange market in Nigeria witnessed a remarkable surge in dollar supply,...
Naira is Deeply undervalued- CBN Governor
In an exclusive interview with Arise Television, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, emphasized...
Fidelity Bank Faces Potential N1.19bn Loss to Litigation in 2023
Fidelity Bank anticipates a potential loss of over N1.19 billion due to claims and litigation for the year ending December...
Federal Government Raises Exchange Rate for Cargo Clearance to N1,356/$
The Federal Government, through the Central Bank of Nigeria (CBN), has increased the exchange rate for cargo clearance from N952/$...
Market Cheers CBN Reforms as Naira to N1300 Against Dollar
In a notable turn of events, the financial markets in Nigeria responded positively to recent reforms implemented by the Central...
