The Nigeria Export-Import Bank has disclosed that investors in Nigeria earn about 30 per cent return on their investments. The Executive Director of Business Development, NEXIM, Stella Okotete, disclosed this ...
To combat rising inflation in the country, companies increased the salaries of their staff members by 18.35 per cent to N29.45 trillion in the first six months of 2023. This ...
Bank capitals, the Governor of the Central Bank of Nigeria, Yemi Cardoso, delivered a notable address at the 58th Annual Bankers Dinner in Lagos, suggesting a potential imperative for commercial ...
In a significant move, the Central Bank of Nigeria (CBN) has initiated tranche payments to 31 banks to clear the backlog of foreign exchange forward obligations swiftly. CBN Governor Yemi ...
In a pivotal announcement, CBN Governor Yemi Cardoso revealed a strategic shift in the Central Bank's approach to the Nigerian economy. The emphasis will now be on core monetary policies, ...
Nigeria’s Gross Domestic Product remained subdued in the third quarter, growing marginally by 2.54 per cent year-on-year in real terms in the third quarter of 2023, the National Bureau of ...
In a surprising turn of events, the Nigerian naira experiences a significant resurgence against the dollar on Friday, November 24, 2023, closing at an impressive N794.89/$1 at the official market. ...
Despite a notable 60% surge in the volume of dollars traded in the foreign exchange market the previous day, the pressure on the dollar continued, reports Daily Trust. Data from ...
Despite Binance, the world's largest crypto exchange, settling a colossal $4.3 billion with U.S. authorities for alleged violations of money-transmitting and sanctions laws, the Naira remains steadfast in the cryptocurrency ...
On November 23, 2023, forex turnover witnessed a substantial increase of 61.86%, reaching $198.21 million. The Nigerian naira continued its depreciation against the US dollar at both the official and ...
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