Search Result for 'Nigerian Exchange'

Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged ...

The Association of Bureaux De Change Operators of Nigeria (ABCON), representing all Central Bank of Nigeria (CBN)-licensed Bureaux De Change (BDCs), has urged the apex bank to review its exchange ...

The Central Bank of Nigeria (CBN) has given the green light for the daily sale of $10,000 to approximately 1,588 eligible Bureau De Change (BDC) operators, pegged at N1,101 per ...

Stock market investors lost N623bn last week as fund managers rebalanced their portfolios ahead of the first quarter results. The Nigerian capital market shed 1.08 per cent to 103,437.67 points, ...

Nigeria's foreign exchange (FX) reserves have decreased by approximately $1.02 billion over an 18-day period as the Central Bank of Nigeria (CBN) intensifies its efforts to support the naira. As ...

On Friday, the Naira strengthened to N1,245 per dollar on the parallel market, up from N1,250 per dollar on Thursday. Similarly, the currency rose to N1,251.05 per dollar on the ...

A strategic partnership initiated by the Federal Government with financial institutions and leasing companies is a crucial step towards expanding accessibility to aircraft within the country’s aviation sector. The Chief ...

The Nigerian naira has made significant gains against the British pound this year on the unofficial market, buoyed by inflows from Foreign Portfolio Investors (FPIs) and increasing confidence in the ...

The Manufacturers Association of Nigeria has said that its members have lost at least N1.5tn in the last six months to forex-related transactions. The Director-General of MAN, Segun Ajayi-Kadir, made ...

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau ...