Concerns Mount as Forex Reserves Drop $2.3 Billion Amid Naira Gains
The Nigerian naira has continued to strengthen in recent weeks, supported by foreign exchange reforms implemented by the Central Bank...
Nigeria’s Net Domestic Credit Drops to N99.4 Trillion in January 2025, CBN Reports
Nigeria’s net domestic credit experienced a significant decline, falling to N99.41 trillion in January 2025, according to the latest Money...
Equity Trading on Nigerian Exchange Drops to N535 Billion as Domestic Transactions Decline
Total equity trading on the Nigerian Exchange Limited (NGX) fell by 9.89% to N607.05 billion in January 2025, down from...
Federal Government Bond Auction Sees N1.63 Trillion in Subscriptions
The Federal Government of Nigeria’s bond auction for February 2025 witnessed a remarkable surge in investor interest, with total subscriptions...
DMO Auctions N350 Billion Federal Government Savings Bonds for February
The Debt Management Office (DMO) has announced the reissuance of N350 billion worth of Federal Government of Nigeria (FGN) Savings...
Federal Government Aims to Raise N350 Billion in February 2025 Bond Auction
The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), has announced plans to raise N350 billion in...
Naira Strengthens Against Euro as Euro Hits One-Month High Against Dollar
The Nigerian naira showed resilience against the euro in the parallel market, opening at N1,560/€ on February 24, 2025, a...
CBN Maintains Interest Rates at 27.5% Amid Early Signs of Inflation Easing
The Central Bank of Nigeria (CBN) has decided to keep its benchmark interest rate, the Monetary Policy Rate (MPR), unchanged...
Naira Strengthens to N1,514/$1 in Parallel Market Amid CBN’s Forex Policy Impact
The Nigerian naira continued its upward trend in the parallel market, appreciating to N1,514 per US dollar on Wednesday, February...
CBN Directs Banks to Publish Details of Dormant Accounts and Unclaimed Balances Online
The Central Bank of Nigeria (CBN) has issued a new directive requiring banks and other financial institutions to publicly disclose...
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