Finance & Economy
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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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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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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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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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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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CBN sells dollars to BDCs @N1,251/$1 as naira regains strength
The Central Bank of Nigeria has issued a circular to Bureau De Change operators (BDCs), informing them that it has…
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N30trn Ways and Means Probe: How Emefiele signed billions of naira in 13 places – Panel
“The Committee of Governors ought to be the signatory to the ways and means account, but in the document we…
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CBN clears remaining valid FX backlog as external reserves rise by $993 million
The Central Bank of Nigeria (CBN) has announced the complete clearance of the valid foreign exchange backlog. This significant achievement…
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Naira strengthens to N1400/$ on the parallel market as speculators sell
Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell marking a significant…
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Naira face U.S Fed test as Nigeria FX market show short term stability
A litmus test of the naira’s stability will be in play when the Federal Reserve makes it interest rate decision…
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