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CBN
A financial expert and founder of KSBC Knowledge Resources Limited, Mr. Chika Mbonu, has advised Nigerian investors not to venture into the ongoing banking public offers if they are not willing and ready to wait for at least five years.
On Friday, August 23rd, the US Federal Reserve Chair, Jay Powell delivered a much awaited speech at the Jackson Hole symposium hinting at a possible interest rate cut in the coming months.
The rising cost of living has pushed Nigerians to borrow about N4.82 trillion from banks between January and March this year.
Businesses in Nigeria say insecurity is the biggest constrain to their operations according to a survey conducted by the Central Bank of Nigeria (CBN).
Businesses in Nigeria say they expect the Naira to continue to depreciate in the next three months beginning from July but will begin appreciation after six months.
The Federal Government of Nigeria has disclosed the need for specific identification requirements for its latest financial instrument, the Domestic FGN US Dollar Bond.
The Central Bank of Nigeria (CBN) has reported a 130% surge in remittance inflows, with the figure reaching $553 million in July 2024.
Zone Payment Network Limited collaborates with the Nigeria Inter-Bank Settlement System (NIBSS) Plc to improve the improve the Nigeria's POS payment processes by integrating blockchain technology to address challenges in the payment system.
Currency traders have attributed the persistent weakening of the naira and the volatility of the foreign exchange market to the lack of consistency in dollar allocation to the Bureau De Change (BDC) operators by the Central Bank of Nigeria (CBN).
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover during the first two weeks of August, coinciding with the recent Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN).
Nigeria's external reserves have dipped by approximately $342.97 million over a period of nine days.
Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges in the country’s education and healthcare sectors.