Breaking: CBN Increases MPR to 26.25% Following MPC Meeting
The Central Bank of Nigeria (CBN) has announced a significant adjustment to its monetary policy following the 295th meeting of...
Naira Strengthens Below N1,500 as CBN Considers Interest Rate Decision
The naira experienced a notable appreciation in the parallel market on Monday, trading at N1,490 per dollar, a 1.34% increase...
CBN and SEC Impose Fines on Banks Totaling N678 Million
Nine financial institutions in Nigeria paid fines totaling N678 million in 2023 for regulatory violations, a significant decrease from the...
Naira Appreciates Against Dollar, Hits N1,470/$1 in Parallel Market
In a surprising turn of events, the naira appreciated significantly against the dollar in the parallel market on Friday, May...
Concerns Rise as Dollar Hits N1,533.99 in Official Market
The Nigerian naira has hit a new low, trading at N1,533.99 to the dollar in the official market, stirring widespread...
FAAC Distributes N1.208 Trillion to FG, States, LGs from April Revenue
In a recent announcement, the Federation Account Allocation Committee (FAAC) has disclosed the distribution of N1.208 trillion to the federal,...
Naira Recovers to 1,459.02/$ After Week-Long Decline
After experiencing a week of depreciation, the Nigerian naira made a significant recovery on Wednesday, trading at N1,459.02 per dollar...
FG Targets $2.7 Billion Revenue Boost from Marine Sector
The Federal Government of Nigeria has made significant strides in developing a national policy on the marine and blue economy,...
Naira Continues Decline At N1540/$ Despite Weak U.S. Dollar Index
The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of...
Insufficient Forex Allocation Blamed for Naira Depreciation, Says BDC Official
A senior official from the Association of Bureau De Change Operators of Nigeria (ABCON) has pointed to insufficient dollar allocations...
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