FX payments rose to $1.3bn in February – CBN
Foreign remittances into the nation increased to $1.3 billion in February 2024…
CBN, Gluwa signs MoU to boost eNaira adoption
The Central Bank of Nigeria has signed a Memorandum of Understanding with…
CBN sells another N1.3 trillion in treasury bills at 21.5%
Melvin Onwubuke The Central Bank of Nigeria (CBN) has completed another round…
Analysts fear new interest rate may increase non-performing loans
By Melvin Onwubuke There are concerns by some financial experts, regarding…
Nigerian Exchange ahead in Africa with 33.70% gain
By Melvin Onwubuke The Nigerian Exchange has emerged as the number one…
Nigeria needs more stringent measures to secure macroeconomic stability – Fitch
By Melvin Onwubuke Fitch Ratings Inc. has highlighted the need for Nigeria…
Naira rises against dollar, hits seven-day high
For the third day in a row, the naira and dollar increased…
Banks increase lending rates after CBN’s MPR hike
By Melvin Onwubuke Following the Central Bank of Nigeria's record increase…
Senate probes CBN officials over N30tn loan
By Melvin Onwubuke The Senate has announced that, it will question…
CBN sells 1yr OMO bills at record 21.5%
Melvin Onwubuke The Central Bank of Nigeria sold a historical N1.056 trillion…
JUST IN: CBN revokes operational licenses of 4,173 BDCs
The Central Bank of Nigeria, in exercise of the powers conferred on…
FX debt: CBN owes just five banks, says Cardoso
With the exception of five banks, foreign exchange backlogs have been resolved,…