Tag
CBN
This week on "Follow the Money," Ugodre delved into the latest developments in the financial markets. He discussed...
The National Institute of Credit Administration (NICA) has voiced concerns over the detrimental effects of restricted access to credit on the expansion of businesses, production capabilities, and the worsening of poverty levels across Nigeria.
Data from the Nigerian Exchange (NGX) reveals that foreign participation in the Nigerian equities market dropped to 8.15% in January 2024, a decline compared to 13.92% and 12.76% recorded in the previous and corresponding month of 2023.
The Naira exhibited a positive trend against the US Dollar in the official market, concluding the week at N1,548.25/$1.
The Central Bank of Nigeria has intensified its efforts to manage the money supply by conducting Open Market Operations (OMO) auctions, through which it sold N1.06 trillion in bills.
The Central Bank of Nigeria (CBN) has revoked the operational licenses of more than 4,000 Bureau De Change (BDC) operators registered under its oversight.
The U.S. dollar index was on track for its first weekly fall in 2024 while the naira appreciated at the official and black market.
The successive increases in interest rates by the Central Bank of Nigeria (CBN) have significantly reshaped and will continue to reshape Nigeria's investment landscape and the stock market.
Olayemi Cardoso says that the remainder of the bank’s FX backlogs will be cleared in the next few days- most likely in a week and a half.
President Bola Tinubu’s nominee from the South East to the board of the Central Bank of Nigeria (CBN), Urum Kalu Eke, has declined the offer stating that he is currently engaged with the World Bank and other international financial institutions.
A few days ago, I found myself pondering over the perplexing question: "How did the Naira transform into a cryptocurrency?"
Peter Obi, the presidential candidate for the Labour Party in the last general election, has expressed concern that raising the Monetary Policy Rate (MPR) and Cash Reserve Ratio (CRR) to 22.75% and 45% respectively will adversely affect the economy.