It has been reported that the Central Bank of Nigeria (CBN) and other financial institutions have made $2.5 billion available in the foreign exchange market over the past two weeks, which has caused t...
According to Deloitte, governments can use Bitcoin to develop cheaper CBDCs Deloitte Touche Tohmatsu Limited is a multinational professional services network with offices in over 150 countries and ...
The Central Bank of Nigeria has announced the redesign and printing of new naira notes for selected notes. Besides it being a norm for central banks to redesign local legal tender from time to tim...
In a recent ruling, Nigeria's Supreme Court has ordered that the older denominations of the Naira currency, specifically the N200, N500, and N1,000 notes, will continue to be in circulation until the ...
Airtel Africa Plc has expressed optimism regarding the recent changes in Nigeria's foreign exchange market, stating that these modifications will alleviate the challenges faced in accessing US dollars...
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...
The Central Bank of Nigeria (CBN) today imposed a limit on how much local banks can hold in foreign currencies. It expressed concern about the increase of forex exposures on its balance sheet followin...
Investingport is about helping people to make the best investing decisions and we try our best to inform people about companies that have potentials to be profitable in the near feature. O...
Gold is a great investment option for investors who prefer less-risky investments. Gold holds much value and offers its investors the same. However, like every other security or investment, there are ...
Foreign investors who were paid dividends for the 2021 financial year wish to repatriate their money, putting Nigeria's exchange rate at risk of exceeding N600/$1 on the unofficial FX market. On th...