Finance & Economy
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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…
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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…
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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. …
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2023 National budget foreclosed economic growth and jobs – Presidency
Mr. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, has said that the 2023 national budget…
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CBN stops outbound IMTO transactions, also limits inflow payouts to Naira
The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers,…
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Guaranty Trust Holding Company Board Approves FY 2023 Audited Financial Statements; Awaits Regulatory Approval
Pursuant to the post-listing requirements of the Nigerian Exchange Limited for quoted companies, Guaranty Trust Holding Company Plc hereby informs…
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Bank of England Holds Interest Rates at 5.25% Post February 2024 Meeting
Monetary Policy Summary, February 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2%…
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The Nigerian Exchange market experienced its highest single-day dip in January, shedding about N1.07tn on Wednesday.
Sell-offs dragged that market to its third decline this year after enjoying a bullish trend for the better part of…
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CBN orders banks to sell excess dollars in 24 hours
Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise…
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CBN removes exchange rate cap for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted…
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