Dollar Scarcity: Nigeria’s Eurobond trade at worst price in years
This could be a long summer or holidaymakers and businesses looking for forex.
Tag: CBN
Naira records second-worst quarter of depreciation in Q2 2022
The CBN has made numerous attempts to defend the Naira, but the currency has massively declined by N29 in the ...
External Reserves up $6 billion in one year but no forex
The Nigerian economy is starved of foreign exchange as currency traders continue to lament tightened forex liquidity...
Nigeria’s central bank says both merchant and consumer can now present QR Codes for payment
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework...
Nigerian banks’ total assets surged by a whopping N11.15 trillion within one year
The CBN has stated that the total assets of the banking industry grew by 20.97% from N53.17 trillion in April ...
Nigeria’s central bank mandates Other Financial Institutions to fully comply with cybersecurity guidelines
The CBN has issued guidelines for improved cyber security in the Nigerian financial sector, especially among the Other Financial Institutions ...
A bullish Stock market is good for house-hold consumption – Report
A stock market crash will adversely affect the personal consumption of a nation which is a core component of Gross ...
Central Bank of Nigeria to spend $1.7billion to clear FX backlogs by September – IMF
The World Bank has stated that Nigeria's external reserves are expected to decline as the CBN is expected to clear ...
World Bank say CBN’s policies continues to damage Nigeria’s business environment
The World Bank has stated that CBN's multiple exchange rates, trade restrictions, and the financing of the public deficit continue ...
Former CBN director, Titus Okunrounmu, advises Nigeria to build new refineries
A former Director of the CBN has called on the FG to consider building new refineries in order to meet ...
