Naira Declines in Both Official and Parallel Markets Despite Improved Dollar Inflow
The Nigerian naira experienced a significant drop against the US dollar in both the official and parallel markets on Thursday, ...
Tag: Central Bank of Nigeria
CAC to Cancel Certificates of BDCs with Revoked Licenses
The Corporate Affairs Commission (CAC) has announced plans to cancel the certificates of incorporation for Bureau De Change (BDC) operators ...
Naira Falls Beyond N2,000 Mark Against British Pound
The naira began Thursday's trading session on a weaker note against the British pound sterling, surpassing the N2,000 threshold. Concurrently, ...
Customs Exchange Rate Drops Slightly to N1512/$ Amid Naira Volatility
The exchange rate for customs duties collection in Nigeria has seen a minor decrease, dropping from N1,516/$ to N1,512/$ between ...
Naira Continues to Decline as Banks and BDC’s Hike FX Rates
The Nigerian naira has suffered another setback against the US dollar, both in the official and unofficial foreign exchange markets. ...
Access Holdings Commences N351 Billion Capital Raise on July 8
Access Holdings Plc is set to launch a significant capital raising effort, opening its rights issue of 17,772,612,811 ordinary shares ...
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 ...
Nigeria’s External Reserves Reach $34 Billion, Highest Since March
Nigeria’s external reserves have surged to a significant milestone, hitting $34.07 billion in June 2024. This is the highest level ...
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. ...
BDC Operators Delay Compliance with CBN Recapitalisation Order
Bureau De Change (BDC) operators in Nigeria are yet to comply with the Central Bank of Nigeria's (CBN) new operational ...
Popular Story
Dangote Refinery’s Dominance Sparks Monopoly Concerns in Nigeria’s N14.4tn Petrol Market
Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows
NGX Dips as Profit-Taking Wipes Out N107bn in Market Value
How to Avoid Getting Burned by Wall Street’s Hottest Money Machine
CBN Reaffirms Commitment to Foreign Exchange Code
