Russian Court Seizes $440 Million from JPMorgan Amid Sanctions Conflict
In a legal showdown amid the ongoing U.S.-Russia sanctions conflict, a Russian court has ruled in favor of state-owned VTB...
Nigeria Set to Raise $30 Billion from Debut Forex Bond
Nigeria is gearing up to launch its first-ever foreign currency-denominated bond issuance in June, with the potential to raise up...
Nigerian Equity Market Plunges, Investors Lose N1.57 Trillion in One Week
The Nigerian equity market witnessed a tumultuous week as investors grappled with significant losses totaling N1.57 trillion, reflecting the ongoing...
SEC Safeguards N2.36tn in Special Funds Following Regulatory Updates
The Securities and Exchange Commission (SEC) has announced that it successfully brought approximately N2.36 trillion in discretionary and non-discretionary funds...
Naira Dips Against Dollar Amid CBN Denial of Forex Reserves Use
The Nigerian currency experienced a setback against the US dollar, losing ground by N81 in the official market, trading at...
Nigeria’s FX Reserves Witness Significant Dip, Hits Lowest Level in Over Six Years
Nigeria's foreign exchange (FX) reserves have experienced a substantial downturn, plummeting by approximately $2.16 billion in less than a month,...
Data Reveals CBN’s Limited Intervention in Naira Defense
Recent data from the FMDQ Securities Exchange has shed light on the Central Bank of Nigeria's (CBN) approach to defending...
CBN Clarifies Decline in Nigeria’s Foreign Reserves, Emphasizes Debt Repayment
The Central Bank of Nigeria (CBN) has provided clarity on the recent significant decline in the nation's foreign exchange reserves,...
CBN Implements Regulatory Measures to Enhance Lending to Real Sector
In a recent regulatory update dated January 20, 2020, the Central Bank of Nigeria (CBN) has announced measures aimed at...
Naira Maintains Strength at Official Market Trading at N1136/$
The Nigerian naira has continued its upward trajectory against the US dollar in the official foreign exchange (FX) market, even...
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