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BusinessNews

Naira strengthens against dollar by 1.437 %

By Chioma Obinagwam The Nigeria’s currency— the Naira closed 1.437% stronger against the dollar in the parallel (black) market on Monday. Confiance News...

Business

Why CBN banned use of foreign currency as collateral for Naira loans

By Chioma Obinagwam   The Central Bank of Nigeria—the apex of Nigeria has instructed all Nigerian banks to stop accepting foreign currencies as...

BusinessNews

GSK exit may trigger exodus of more companies as pundit calls for swift intervention on naira depreciation

By Chioma Obinagwam A sustainability expert and consultant on business strategy, Mr. Marcel Okeke has said that the depreciation of the Naira has...

BusinessNews

NGX, CSCS, Euroclear partner to facilitate dollar settlement platform for Fintechs

By Chioma Obinagwam   Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and...

BusinessNews

Forex: Investors adopt wait-and-see approach to CBN’s policy

By Chioma Obinagwam As Nigeria’s apex monetary authority, the Central Bank of Nigeria’s (CBN’s) latest policy on Foreign Exchange (Forex) gains momentum, investors...

BusinessNews

Breaking: Buhari unveils redesigned naira notes (Photos)

By Chioma Obinagwam Finally, the long awaited redesigned notes are here as Nigeria’s President, Muhammadu Buhari with the Central Bank of Nigeria (CBN)...

BusinessNews

Nigeria’s President, Buhari to unveil redesigned Naira notes tomorrow

Nigeria’s President Muhammadu Buhari will tomorrow (Wednesday, November 23, 2022) unveil the redesigned naira notes. Confiance News gathered from Central Bank of Nigeria...

BusinessNews

Naira redesign: EFCC Chairman forecasts 75% rebound of Naira against dollar

Chairman of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said that the dollar may crash by 75...

BusinessNews

Nigeria’s bourse, NGX, to host Made of Africa awards

By Chioma Obinagwam Nigerian Exchange Limited (NGX) has said it will host the 2022 edition of NGX Made of Africa Awards on Tuesday,...

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Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

In four photos, NCC reacts to Executive Order on Critical National Information Infrastructure

By Chioma Obinagwam The infrastructure of the Nigerian Communications Commission (NCC) has now been classified as Critical National Information Infrastructure (CNII). Confiance News...

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