EFCC to prosecute banks, top officials in Nigeria for financial crimes soon
The Economic and Financial Crimes Commission (EFCC) is poised to take legal action against top executives in Nigeria’s banking sector ...
Tag: CBN
Naira appreciates to N1,580.46 at I&E Window with help from CBN’s dollar sale
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E) ...
Naira rebounds below N1,600/$1 after three-day decline on official market
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% ...
CBN to sell $20k to eligible BDCs at N1580/$ to meet market demand
The Central Bank of Nigeria (CBN) has approved the sale of $20 thousand each to Bureau De Change (BDC) operators ...
Yield-hungry investors subscribe Nigerian Treasury Bills with N1.13 trillion
Nigerian Treasury Bills (NTBs) latest auction held on the 4th of September 2024 saw a remarkable display of investor interest ...
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM ...
Debt servicing costs 64% of Nigeria’s $4.36 billion foreign payments in 2024
Nigeria has spent $2.78 billion on servicing foreign debt in the first seven months of 2024, according to the international ...
Supplementary budget, FAAC allocation, wage hike may worsen Nigeria’s inflation – Agusto & Co
Agusto & Co, a leading credit rating agency, warns that Nigeria's inflation, which recently saw a slight moderation, is at ...
CBN survey shows 36.3% of Nigerians want higher interest rate
The Central Bank of Nigeria (CBN) has revealed that only 36.3% of Nigerian households prefer an increase in interest rates ...
Currency outside bank drops to N3.66 trillion in July, biggest fall in 2024
The amount of currency outside the banking system in Nigeria decreased to N3.66 trillion in July 2024, marking the second ...
