Finance & Economy
-
Nigerian Treasury Bills rate jumps to 19% per annum as CBN targets exchange rate stability
The 364-day treasury bills stop rates spiked to 19% per annum, the first clear signal that the central bank was…
Read More » -
Cardoso’s FX reforms deliver record $844m single-day trade
Turnover in Nigeria’s foreign exchange market jumped to $844 million on February 3, the highest level of trades since June…
Read More » -
CBN Governor Hints on FG’s Anticipation of a 3.76% Real GDP Growth in 2024
Being a Speech Presented by Mr. Olayemi Michael Cardoso Governor, Central Bank of Nigeria to the House of Reps held…
Read More » -
Interest rates to rise as CBN sell record N1 trillion in Wednesday’s Treasury Bill auction
Recent developments suggest a potential rise in Nigeria’s interest rates for the upcoming treasury bills auction, indicating the Central Bank…
Read More » -
Cardoso says CBN reforms yielding positive results, FX transaction volume hit $800 million
The Governor of the Central Bank of Nigeria (CBN) has stated that recent reforms of the apex bank are beginning…
Read More » -
CBN uncovered $2.4b invalid FX claims, says Cardoso
The Central Bank of Nigeria (CBN) said it has uncovered a sum of $2.4 billion out of the previously reported…
Read More » -
FG, states debts near N107tn, naira fall raises loans
Nigeria’s total debt (Federal Government and states’ loans) may hit at least N107.38tn soon following the approval of fresh borrowings…
Read More » -
CBN Has Settled $2.3bn Verified FX Backlogs and Will Clear Outstanding $2.2bn Contracts Soon
The Central Bank of Nigeria has settled $2.3 billion foreign exchange contract backlogs, including that of the foreign airline funds…
Read More » -
Exchange rate closes N1,419.86/$1 at official market as CBN plans ‘FCY Gateway Bank’
The Naira gained against the dollar on Monday, 5th February 2024 at the both official market and the black market. This…
Read More » -
NGX continues bullish run as ASI hits 104,421.23 points
The NGX continued its bullish run as the All-Share Index appreciated by 1.57%, gaining 1,618.98 to close at 104,421.23 points. …
Read More »