CBN Suspends Access Bank, Zenith, UBA, and Others From Issuing New Loans.
The Central Bank of Nigeria (CBN) has mandated commercial banks, including Access Bank, Zenith, UBA, and others, to take charge...
Naira Appreciates by 27.16% Against Dollar in the Official Market
In a notable development on Monday, the Nigerian naira recorded a substantial appreciation of 27.16%, closing at N864.29 against the...
Nigeria’s External Reserves Dip by $520.22 Million in Five Weeks: CBN Highlights Economic Challenges
Recent data from the Central Bank of Nigeria (CBN) has revealed a significant drop of $520.22 million in the country's...
Naira vs Dollars: FGN Budget Soars in Naira, but Weakens Against the Dollar
In a stark illustration of the economic challenges facing Nigeria, the Federal Government's budget has seen a significant surge in...
CBN Addresses Naira Shortage Concerns Amidst Increased Withdrawals
In response to the growing concerns over reported shortages of naira notes in the country, the Central Bank of Nigeria...
FMDQ Markets Record $557.8 Million Turnover Amidst Decrease in Derivatives Activity
In the financial landscape, the FMDQ Spot and Derivatives markets reported a total turnover of $557.8 million for the week...
COP28: Ecobank Secures Historic $200 Million Sustainability-Linked Loan in Partnership with European DFIs
In a groundbreaking development, Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has successfully secured a...
Lawmakers Reject CBN, Customs, and FIRS Representatives in 2024 Budget Defence
Lawmakers in the House of Representatives made a bold move on Friday by rejecting the representatives of key government agencies—...
Unveiling the ‘Best of Buffett’ Investing Strategy
Investors seeking to emulate the success of legendary investor Warren Buffett now have a new tool in their arsenal. In...
Central Bank of Nigeria Extends Timelines for Letters of Credit
In response to ongoing challenges posed by foreign exchange scarcity, the Central Bank of Nigeria (CBN) has announced an extension...
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