It has been reported by the Central Bank of Nigeria (CBN) that foreign airlines have gotten $61.64 million through different deposit money banks (DMBs).Hakama Sidi Ali, CBN’s acting director of corp...
In the recent happenings in stabilising the Naira, the Central Bank of Nigeria has reportedly sold over $300 million to Deposit Money Banks in the last two weeks as ongoing measures to strengthen the ...
According to recent predictions, the naira is expected to stabilise this week, following different moderations from the Central Bank of Nigeria (CBN) that have reduced the pressure on demand following...
The naira showed strength at the official market, quoting N1,560.75/$, and this development has been attributed to the many reforms of the Central Bank of Nigeria (CBN).At the close of trading at the ...
South African luxury magnate Johann Rupert has overtaken Nigerian billionaire businessman Aliko Dangote to claim the title of Africa's wealthiest individual, according to Forbes rankings. With a stagg...
In early trading on Wednesday, the U.S. stock futures rose as investors geared up for the Federal Reserve’s announcement later in the day.The S&P 500 futures rose 0.4%, Dow Jones Industrial Aver...
The Nigerian Securities and Exchange Commission (SEC) is the official regulatory body of the Nigerian capital market. The institution is supervised by the Federal Ministry of Finance.The SEC is the ma...
The Central Bank of Nigeria (CBN) has recently released a list of approved Bureau de Change (BDC) dealers, leaving the Nigerian financial space buzzing with curiosity. In this fresh list, the total nu...
Interest rate hikes are still on the way, according to Federal Reserve Chairman Jerome Powell, who noted on Wednesday that the Russia-Ukraine conflict has thrown the outlook into doubt. Powell expe...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that the inability of marketers to obtain foreign exchange (FX) at the Central Bank of Nigeria rate is part...