The Nigerian naira witnessed contrasting trends in various foreign exchange markets. The parallel market saw a decline as the naira slipped to N1,265 against the US...
In a bid to optimize its operational environment, the Central Bank of Nigeria (CBN) has initiated a decongestion action plan, relocating some departments to Lagos State,...
The Nigerian Foreign Exchange Market (NAFEM) witnessed a remarkable surge as the naira strengthened to N874.79 per dollar, marking a substantial 19% appreciation. Data sourced from...
In a swift move following the dissolution of the boards of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new executives...
The Central Bank of Nigeria (CBN) has announced the immediate removal of the entire Board of Directors of four prominent banks: Polaris, Titan, Union, and Keystone....
In a positive development for the Nigerian economy, the Naira has registered its third consecutive gain against the US dollar at the official foreign exchange market....
Recent developments in Nigeria’s financial sector indicate a deepening cash crunch, despite the Central Bank of Nigeria (CBN) taking steps to alleviate the situation. The scarcity...
In a recent report by Bloomberg, the Naira has been identified as one of the world’s poorest performing currencies in 2023. Analysts predict that the Nigerian...
Former Central Bank Governor Godwin Emefiele has vehemently rejected the findings of a special investigation panel led by Jim Obazee, dismissing accusations of corruption and theft....
A recent report from a special investigation into the Central Bank of Nigeria (CBN) sheds light on allegations against the immediate past governor, Godwin Emefiele....