Economy
Inflation, FX Liquidity Challenges, Others Top Agenda As MPC Makes Crucial Decisions Tuesday
The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) is set to reveal the outcome of its first meeting...
Read more
Bitcoin Surges to $57,000, the Highest Ever Seen Since 2021
Bitcoin, the leading cryptocurrency, has made a stunning comeback, reaching a milestone price of $57,000 for the first time since...
Read more
CBN Injects Over $300 Million into Banks as Naira Sees Uptick
Amidst concerted efforts to stabilize the naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300 million...
Read moreCBN Proposes $10,000/year Limit on Foreign School Fees via BDCs
The Central Bank of Nigeria (CBN) is set to implement stringent measures concerning the purchase of foreign currencies through Bureau...
Read more
Equity Market Suffers N2 Trillion Loss Amidst Rising Bond Yields
The Nigerian equities market continued its downward trajectory, with investors witnessing a staggering loss of N1.99 trillion in market capitalization...
Read more
BDCs Set Terms for Compliance with CBN Directive
The Association of Bureau De Change of Nigeria (ABCON) has responded to the recent directive issued by the Central Bank...
Read more
CBN’s 293rd MPC Meeting Commences: Addressing Nigeria’s Economic Challenges
Today marks the commencement of the 293rd Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), with...
Read more
CBN Removes Over N1 Trillion Excess Cash from Access Bank, Zenith, and Others
In a bid to address the persistent challenges facing the Nigerian economy, the Central Bank of Nigeria (CBN) has taken...
Read more
CBN Guideline Prompt BDCs to Mull Mergers Amidst Capital Increase
The Central Bank of Nigeria (CBN) has set forth a regulatory proposal that has stirred significant debate and strategic maneuvers...
Read more
N1,571/$”: Naira Reverses Gains, Falls at Black and Official Markets Against US Dollar
The Naira experienced a setback on the Nigerian Autonomous Foreign Exchange Market (NAFEM) after a brief period of gains. According...
Read more
