Global credit ratings agency Moody’s has upgraded Nigeria’s sovereign rating from Caa1 to B3, highlighting substantial progress in the nation’s external and fiscal positions.
The Central Bank of Nigeria (CBN) has permitted eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on Nigeria's official window.
The International Monetary Fund (IMF) has recommended that global crypto trading platforms should be registered or licensed in Nigeria and subject to regulatory requirements.
The U.S dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year.
Nigeria continues to grapple with dwindling revenue amidst rising fiscal expenditure, with debt servicing gulping a huge chunk of government budget.
The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, as nearly $20 billion of its $33 billion in foreign reserves is tied up in various derivative deals.
Last week, it was reported that the government instructed the NCC to block some crypto website platforms.
The naira traded near its all-time low despite improved liquidity.
MSCI, a leading provider of critical tools and services for the global investment community, announced the reclassification of the MSCI Nigeria indexes.
Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill for the first time since Q3 2019.
Friday, 12th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at...
