FG Raises Fresh N284bn as T-Bills Debt Reaches N10tn
The Federal Government, through the Central Bank of Nigeria (CBN), has successfully raised N284.26 billion in its latest Nigerian Treasury...
Total Transactions on Nigerian Exchange Hit N2.35 Trillion in Five Months
The Nigerian Exchange Limited (NGX) reported that total transactions on the local bourse surged to N2.35 trillion by the end...
Nigeria’s Q1 Borrowing Hits N7.71 Trillion, Not N24.33 Trillion, Says DMO
The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing for the first quarter of 2024 was N7.71 trillion,...
CBN Discontinues FX Price Verification Portal for Importers Starting July 1
The Central Bank of Nigeria (CBN) has announced the discontinuation of its foreign exchange price verification system portal for importers,...
Nigeria Records $24bn FX Inflow in Q1 2024: CBN
The Central Bank of Nigeria (CBN) announced a significant milestone in the country’s foreign exchange market, recording a total inflow...
Shoprite’s Exit from Wuse Central Mall: A Blow to Retail Ecosystem and Employment in Nigeria
In a move that underscores the challenging business environment in Nigeria, Retail Supermarket Nigeria (RSN) Limited, operating under the brand...
Naira Faces Renewed Pressure as CBN Governor Cardoso Remains Confident in Market Stability
The naira experienced renewed pressure in the official foreign exchange market on Tuesday, depreciating by 0.71 percent against the dollar....
CBN Allows IMTOs to Sell Foreign Exchange Directly on Official Market
The Central Bank of Nigeria (CBN) has announced a significant policy change allowing eligible International Money Transfer Operators (IMTOs) to...
CBN Reforms Lead to $172 Million Increase in Diaspora Remittances
The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported...
Naira Falls to Lowest in 5 Weeks, Approaching N1,500/$1
The exchange rate between the naira and the dollar has dropped to a six-week low, closing at N1,490.2/$1 on Monday,...
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