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CBN
The exchange rate for customs duties collection has risen from N1467/$ to N1,480 just below the official market rate of the NAFEM window which stood at N1,482.81 to the USD.
The Management of First City Monument Bank (FCMB) has disclosed plans to raise N150 billion between now and September 2024.
Nigeria’s letter of credit payments have plummeted by 63% in the first quarter of 2024 compared to the...
The naira held its ground on the unofficial market, appreciating against the dollar on the parallel market as the dollar index posted some losses amid profit-taking.
Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an astonishing 231.99% on May 24, 2024
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe has stated that the increase in capital requirements for BDCs from N35 million to N2 billion for Tier-1 BDCs is against international best practices.
The Central Bank of Nigeria (CBN) granted approval for this appointment on May 13, 2024.
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi Kadir, has stated that the recent 150 basis points increase in monetary policy rate (MPR) by the Central Bank of Nigeria (CBN) will further compound the already high cost of doing business in the country.
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis points so far, from 18.75% to 26.25%, with an eye on combating inflation and fostering economic stability.
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to expedite the window of development finance for businesses to mitigate the effect of high monetary policy rate in the country.
The naira traded within a tight range on Thursday following the recently concluded Monetary Policy Committee (MPC) meeting.
The Central Bank of Nigeria (CBN) has released the approved guidelines for operations of Bureau De Change (BDCs)...