Weekly Newsletter
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Forex
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...
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...
Don't Miss
‘My life trajectory has been a story of …,’ Inibehe recounts God’s faithfulness on his 36th birthday
By Chioma Obinagwam Renowned Nigerian lawyer and human rights activist, Inibehe Effiong, has expressed his gratitude to God for making him celebrate his...