Pragmatic initiatives taken by the central Bank of Nigeria (CBN) to commence sectoral foreign exchange interventions may have started yielding positive results by way of stabilizing...
Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable...
The Honourable Minister of Finance met with representatives from International Finance Institutions at the World Bank Spring Meetings to take forwards discussions on Nigeria’s agenda to...
IMF has projected a 0.8 per cent growth for Nigeria in 2017 implying that the country will be out of recession this year. The 2017 growth...
Central Bank of Nigeria (CBN) has directed Banks to suspend the recently introduced increases in charges on over-the-counter withdrawals of above N500,000 or deposit of same...
Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the Central Bank...
…….. As CBN Intervention in Forex Market Pays Off The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading...
…Banks only able to pick up $68.51 million …To sell $20,000 to BDCs on Thursday Following its injection of $280 million into the Foreign Exchange Market...
As part of its determination to increase foreign exchange liquidity and improve access by Small and Medium Enterprises (SMEs) and retail businesses, the Central Bank of...
The efforts of the Central Bank of Nigeria (CBN) aimed at ensuring stability in the foreign exchange market may have started yielding results as the market...
United has lost $570 million in market cap this week, while Warren Buffett may have lost over $50 million on his investment Investors in United Airlines...
Indications are that the demand for foreign exchange by authorised dealers has slumped, as forex dealers were only able to pick $45 million out of the...
Kwara state present $162m facility request to World Bank Kwara government is seeking a $162 million facility from the World Bank. The request for the facility...
Central Bank of Nigeria CBN has issued a foreign exchange loan guideline for banks in which it increased the limit of banks’ foreign currency borrowings to...
The Central Bank of Nigeria (CBN) has released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank...