European Markets Open Higher Amid UK Wage Growth Drop to Two-Year Low
European stock markets began the day on a positive note, recovering some ground after recent fluctuations. The Stoxx 600, a...
Asian Markets Climb as Investors Await US Inflation Data
Asian stock markets extended their gains on Tuesday as investors grew more optimistic following a week of heightened concern over...
Nine Companies Secure $25.76 Million in CBN’s Retail Dutch Auction for Loan Repayments
In a recent Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN) on August 6, 2024, nine companies...
NDIC Addresses Payment Delays for Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has provided an update on its efforts to reimburse depositors of the defunct Heritage...
Dangote Group Secures $105.33 Million in CBN’s Latest FX Auction
The Dangote Group has emerged as a significant player in the latest Retail Dutch Auction conducted by the Central Bank...
States Strain Under Surging External Debt Servicing Costs, Hit N139.92 Billion in H1 2024
Nigerian states have faced unprecedented fiscal pressures in the first half of 2024, with external debt servicing costs soaring by...
CBN Clarifies Rules on Capital Importation Certificates for Forex Repatriation and Divestment
The Central Bank of Nigeria (CBN) has released a new circular providing clear guidelines on the procedures and documentation required...
Naira Strengthens Amid CBN’s Dollar Injection as Official and Parallel Markets React
The Nigerian naira has experienced a significant strengthening in the official foreign exchange market, marking three consecutive days of appreciation....
CBN Conducts $876 Million Auction to Bolster Naira, Drops 12-Month Forex Policy
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the naira by auctioning $876.26 million to...
Foreign Exchange Inflows Surge by 55% in First Half of 2024, Reaching $25.4 Billion
The Central Bank of Nigeria (CBN) has announced a remarkable 55% increase in net foreign exchange (FX) inflows, which reached...
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