Search Result for 'Nigerian Exchange'

The Indian High Commissioner to Nigeria, Shri Balasubramanian, has disclosed that over 135 Indian companies have so far invested $19bn in Nigeria in the last four decades of diplomatic relations ...

The World Bank Group has once again lowered its growth projection for Nigeria’s economy, citing a weakened oil sector as its primary reason. This was contained in the bank’s Global ...

The Naira strengthened against the US dollar in the Peer-2-Peer (P2P) segment of the foreign exchange (FX) market on Wednesday, closing at N759/$1, up from N760/$1 on Tuesday. However, in ...

According to a recently released document obtained by Entrepreneurng, the CBN is open to developing a regulatory framework for potential stablecoin implementations. The "Nigeria Payment System Vision 2025" document contains ...

As traders continued to be concerned about the ecosystem's volatility, the Naira was comparatively stable against the US dollar on Monday in all areas of the foreign exchange (forex) market. ...

The increasing cost of production occasioned by forex and Customs fees has limited the growth of the construction sector in 2022, CBK Integrated Industries, a ceramic manufacturing firm, has said. ...

The number of power consumers on estimated billing, who lack meters, has risen to over 7.8 million, the Nigerian Electricity Regulatory Commission has said. It was gathered that the number ...

The Nigerian Security Printing and Minting (NSPM) Plc, which produces Nigeria's currency, has explained why the new Naira notes leave ink when rubbed on plain white. In response to Nigerians' ...

In 2022, the naira's value against the US dollar reached historic lows, particularly in the black market. The naira continued to deteriorate as the Central Bank of Nigeria (CBN) attempted ...

Nigeria is likely to earn less foreign exchange as global natural gas prices fell by more than 50% in January. Oluwatomi Mayowa, a senior analyst at Financial Derivatives Company, made ...