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Finance & Economy
Naira gains whopping 21.8% against dollar in March 2024, best in 5 years
The Nigerian Naira appreciated significantly against the US dollar throughout March 2024, marking a major turnaround for Nigeria’s exchange rate…
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Finance & Economy
ABCON says CBN’s recall of BDCs into forex market boosted naira recovery
Naira gains N660 between February and March https://googleads.g.doubleclick.net/pagead/ads?gdpr=0&us_privacy=1—&gpp_sid=-1&client=ca-pub-3735192167361340&output=html&h=250&slotname=8024534568&adk=2880566378&adf=1794609338&pi=t.ma~as.8024534568&w=300&lmt=1711914015&format=300×250&url=https%3A%2F%2Fnairametrics.com%2F2024%2F04%2F01%2Fabcon-says-cbns-recall-of-bdcs-into-forex-market-boosted-naira-recovery%2F&wgl=1&dt=1711914014417&bpp=3&bdt=13106&idt=743&shv=r20240327&mjsv=m202403250101&ptt=9&saldr=aa&abxe=1&cookie=ID%3D78c5435a27d2b198%3AT%3D1706746854%3ART%3D1711956810%3AS%3DALNI_MaCdX22vXATZ2t5JwVEmpydB-wjWA&gpic=UID%3D00000d4db8c6848f%3AT%3D1706746854%3ART%3D1711956810%3AS%3DALNI_MZc7DOhFPhDwYnHHm7zGJD1gf727Q&eo_id_str=ID%3Decae2d993ac36a8c%3AT%3D1706746854%3ART%3D1711956810%3AS%3DAA-AfjaUzqMff3P8qrqx9TzI58hz&prev_fmts=0x0&nras=1&correlator=3009829691839&frm=20&pv=1&ga_vid=733453400.1706708259&ga_sid=1711913770&ga_hid=270718591&ga_fc=1&u_tz=60&u_his=3&u_h=512&u_w=911&u_ah=485&u_aw=911&u_cd=24&u_sd=1.5&adx=100&ady=1096&biw=899&bih=417&scr_x=0&scr_y=981&eid=44759876%2C44759927%2C44759842%2C44798934%2C95321963%2C31082144%2C31081481%2C95328825&oid=2&pvsid=3942124761552207&tmod=1691895952&nvt=1&ref=https%3A%2F%2Fnairametrics.com%2F&fc=1920&brdim=-5%2C-5%2C-5%2C-5%2C911%2C0%2C921%2C496%2C911%2C417&vis=1&rsz=%7C%7CeE%7C&abl=CS&pfx=0&fu=0&bc=31&bz=1.01&ifi=2&uci=a!2&fsb=1&dtd=1176 The Association of Bureau De Change Operators of Nigeria (ABCON) has…
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Leaders
Adelabu Urges States to Take Advantage of New Electricity Act
Minister of Power, Chief Adebayo Adelabu, has urged state governments in the country to key into the vision behind the…
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News
Sen. Abdul Ningi requests to be reinstated and warns of taking Akpabio before the NBA
The senator from Bauchi Central, Ahmed Ningi, has communicated with Senate President Godswill Akpabio, requesting the removal of the current…
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Brands
GTBANK loses commercial bank status after Bank of Uganda downgrade
The Bank of Uganda (BoU), Uganda’s apex bank, has downgraded Guaranty Trust Bank (GTBank) from a Tier I commercial bank…
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Finance & Economy
Nigeria will have maximum of nine taxes after presidential committee’s work – AdedejiNigeria
“In an economy of our size, it will be extremely difficult if we don’t have a consumer credit scheme. People…
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News
Official exchange rate strengthens to N1,300/$1, best in 8 weeks
The exchange rate between the Naira and the Dollar closed at N1,300/$1 on Wednesday on the official NAFEM window, marking…
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News
Eko DisCo fires CEO, Chiefs over NERC directive
The Board of Eko Electricity Distribution Company has removed Dr. Tinuade Sanda from her position as Managing Director/Chief Executive Officer…
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Finance & Economy
Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance
Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite…
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Finance & Economy
CBN raises benchmark MPR by 200 basis points to 24.75%
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.…
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