Featured

September 08, 2023

CBN Aims to Resolve $10 Billion FX Backlog in a Two-Week Timeframe

Recently, the CBN announced that it was working alongside commercial banks in Nigeria to clear the $10 billion foreign exchange backlog within the space of 2 weeks.This announcement was made on Tuesda...

Finance

March 09, 2022

Nigeria's foreign Portfolio Investment for 2021 drops to the lowest within 5 years.

Nigeria's Foreign Portfolio Investment (FPI) of $3.39 billion as of 2021 crashes to 34% compared to $5.16 billion reported last year, according to the information from the CBN. The annual Foreign P...