The "Naira4Dollar Scheme" of the Central Bank of Nigeria (CBN) was launched in March 2021, and since then, the rate of the naira has dropped by a staggering N127 (or 26 percent). ...
As the year comes to an end and we step into a new decade, the Bank Of America Corp. has said that financial markets are set for a risk asset melt-up in the first quarter of this new dec...
Investors who traded bonds in Africa this year were rewarded greatly. Africa's sovereign dollar debt yielded total returns of 20% since the start of 2019. This alone is more than any other region in e...
On Monday, the naira fell to N1348.63/$ at the Nigerian Autonomous Foreign Exchange Market. The decline shows a 51.21% drop from how the N891.90/$ traded last Friday at the official market. This data ...
On Wednesday, the Central Bank of Nigeria (CBN) announced that all previous pending valid foreign exchange backlogs were officially cleared, thereby fulfilling one of the important pledges Mr Olayemi ...
In the first two months of 2023, the Central Bank of Nigeria (CBN) has allocated N12.65 billion to the Anchor Borrowers Programme (ABP), a primary agricultural intervention initiative, according to Go...
Yesterday, it was reported that the Central Bank of Nigeria (CBN) had increased the exchange rate used to calculate tariffs and import duties collected at airports and seaports.This development comes ...
The Central Bank of Nigeria recently established a policy limiting contactless payments. The announcement came on Tuesday in two circulars signed by Musa Jimoh, Director of the CBN's Payments System M...
The Association of Bureaux De Change of Nigeria (ABCON) is calling on the Central Bank of Nigeria to give Bureaux De Change (BDCs) digital autonomy to achieve better exchange rate convergence.The Pres...
The Nigeria National Petroleum Company Ltd and Afreximbank have collaboratively executed a commitment letter and term sheet for an urgent $3 billion loan to repay crude oil obligations. This event occ...