Goldman Sachs predicts Naira outperforming currencies globally- Report
Nigeria’s naira stands poised to continue its upward trajectory, building upon its status as the best-performing currency globally this month, ...
Tag: CBN
Lagos High Court grants former CBN governor, Emefiele, N50 million bail
A high court in Ikeja, Lagos, has granted a N50 million bail to the former Central Bank of Nigeria (CBN), ...
Naira breaks key resistance against dollar, within N1000/$ mark
The naira held onto its bullish momentum despite the greenback's most recent aggressive gains this week, as concerns about persistent ...
Financial experts divided on CBN’s dollar sales to BDC operators
The recent dollar sales to BDCs below market rate at N1,101/$1 was the third attempt after a long period of ...
Bank Recapitalization: M&As could lead to higher entry barriers – Fitch
Global ratings agency, Fitch Ratings has stated that the Mergers and Acquisitions (M&As) that would accompany the bank recapitalisation exercise ...
ABCON asks CBN to bar non-oil export domiciliary account holders from accessing FX from official window
The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent ...
Nigeria’s high interest rate will lead to company shutdowns, job losses – Chike-Obi
The Chairman of the Bank Directors Association of Nigeria, Mustafa Chike-Obi, has stated that the Central Bank of Nigeria (CBN)’s ...
Customs FX rate for import duties falls to N1,238/$
The exchange rate for clearance of goods and import duties assessment by the Nigeria Customs Service (NCS) has dropped from ...
CBN explains exclusion of retained earnings from bank recapitalization process
The Financial Policy & Regulatory Department of the Central Bank of Nigeria (CBN), Haruna B. Mustafa, has provided reasons for ...
FG spends N4.83 trillion from bonds, treasury bills to settle borrowing from CBN
The Federal Government has allocated approximately N4.83 trillion from the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in ...
