Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
Forex
In two photos NDIC, CBN harps on collaboration to safeguard financial system
By Chioma ObinagwamIn a powerful display of unity, the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) have emphasized...
CBN denies claims of BDC recapitalisation deadline extension
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has refuted claims circulating in the media that it extended the...
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...
Don't Miss
NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
By Blaise UdunzeWhen the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian...
Why 2026 must be the year Nigeria’s economy works for all
By Blaise UdunzeAs the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of...