Finance & Economy
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CBN forex policies failing to work as exchange rate approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official…
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Nigeria’s inflation hits 29.90% in January 2024
In the latest inflation report released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate for January 2024 has…
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Naira closes above N1500/$1 amid declining forex turnover
The intra-day high reached a peak of N1,582 against the US dollar on Wednesday, accompanied by a notable decline in…
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Cardoso :Battling to Rescue the Soul of Naira
When Oluyemi Cardoso received his mandate to head Nigeria’s Central Bank, he gave himself the task of entrenching macroeconomic stability…
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Bank stocks defy concerns over foreign currency exposures
Many banks’ stocks have not slowed their rally since the Central Bank of Nigeria (CBN) imposed stringent limits on their…
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FG, States, and LGAs share N2.517 trillion FAAC exchange rate gain in 2023
The Federal government, 36 states, and all LGAs across the country shared around N2.517 trillion as FAAC exchange rate gain…
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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…
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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…
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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…
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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…
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