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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...

BusinessNews

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...

BusinessNews

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...

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

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

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...

BusinessNews

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...

BusinessNews

‘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...

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...

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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...

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