Godwin Emefiele is a Nigerian banker, economist, and politician who served as the governor of the Central Bank of Nigeria (CBN) from June 4, 2014, to June 9, 2023, after he was suspended by President ...
The Central Bank of Nigeria (CBN) has revealed that Nigeria recorded a total of $10.7 billion in foreign exchange inflows into the country from April to May.The CBN made this known in its May economic...
Records show that Nigerian banks have borrowed N12 trillion from the Central Bank of Nigeria (CBN) in the past eight months. The CBN data showed that money borrowed from the apex bank from January to ...
On Tuesday, the Senate confirmed the appointment of Olayemi Cardoso, who is to take on the role of CBN Governor. Also, the Senate confirmed the appointments of Muhammed Abdullahi-Dattijo, Emem Usoro, ...
The naira on Thursday depreciated to its worst ever since the negative trend began. At the parallel market, it reads 1,050/$ due to the shifting of the CBN Monetary Policy Committee meeting.On Wednesd...
Bloomberg reports that Nigeria's Finance Minister, Olawale Edun, announced that the fall in the naira was because of the overdue forward payments in the foreign exchange, which totaled $6.8 billion.&n...
On Thursday, The Debt Management Office (DMO) stated that the nation's total public debt had risen to N87.38 trillion at the end of Q2 2023.The data presented by the commission shows that the figure g...
On Wednesday, Fidelity Bank announced to the public that they had completed the 100% acquisition of Union Bank UK, a subsidiary of Union Bank Plc.Fidelity Bank, which is known as a tier-2 financial in...
On Wednesday, Naira depreciated against the dollar both at the official and parallel market in the foreign exchange (FX) market. The devaluation was a result of the high demand for the dollar.The nair...
Africa's leading payment technology, Flutterwave made a special announcement on the launching of Swap. The announcement was made by the CEO and founder of Flutterwave on September 11, 2023, in Lagos, ...