Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
Forex
CBN reacts to scarcity of PTA, BTA at Nigerian banks
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has reacted to rumours of unavailability of Personal Travel Allowance (PTA)...
Forex stability: CBN sells $122.671m to 46 authorised dealers
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has sold the sum of US$122,671,000.00 (One Hundred and Twenty-Two...
Nestle 2023 FY results: Forex losses hinders gains
Food and beverage major, Nestle Nigeria PLC’s 2023 full year results has shown impact of Naira devaluation on its profits. Cordros research told...
Why CBN settled additional FX Forwards with banks
By Chioma Obinagwam In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the...
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...
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...
Why Nigeria’s Central Bank removed restrictions on domiciliary accounts
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has explained reasons for the removal of limits on domiciliary accounts, allowing account holders...
Analysts react to latest MPR hike by CBN
…says hike in subsequent MPC meeting not unlikely Chioma Obinagwam Analysts at Cordros Research, the research arm of Cordros Capital, have reacted to...
‘Nigeria’s forex woes will linger beyond short term…’ Analysts forecast
By Chioma Obinagwam Nigeria’s Forex (FX) liquidity issues is expected to last beyond the short term. Confiance News gathered from the weekly...
Don't Miss
“We’re not turning back,” CBN governor Cardoso reaffirms resolve to restore confidence in bank
By Chioma Obinagwam The Governor of Nigeria’s apex bank, the Central Bank (CBN), Olayemi Cardoso, has reiterated its commitment to restore confidence in...
FG commissions concrete weight coating plant in Lagos
By Chioma Obinagwam Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commissioned a concrete weight coating plant manned by...