Forex
Local Stock Exchange kicks off 2025 with bullish start, gains N154.7bn
Bamidele Famoofo The local stock exchange opened this year’s trading session on a positive note, with the All-Share Index (ASI)…
CBN launches electronic Fx matching system to curb speculation
Busayo Samuel The Central Bank of Nigeria (CBN) has launched the electronic foreign exchange matching system (EFEMS). A circular issued…
Nigeria records 5% boost in net foreign exchange inflows to $25.4bn in H1 2024
Business a.m. The Central Bank of Nigeria (CBN) has confirmed that the total net foreign exchange inflows into the country…
CBN reports 83% decline in FX allocation for foreign education in Q1 2024
Business a.m. The Nigerian diaspora's expenditure on education overseas plunged between January and March 2024, with $38.17 million spent, representing…
Volatile FX market threatens Nigeria bank recapitalisation plan, warns Teriba
Onome Amuge Ayo Teriba, the chief executive officer of the Economic Associates (EA), has warned that the volatility and unpredictability…
ABCON welcomes CBN move against domiciliary account collateral for naira loans
Business a.m. The recent move by the Central Bank of Nigeria (CBN) to ban the use of non-export domiciliary accounts…
CBN working on true price discovery of undervalued naira,Cardoso assures
Business a.m Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN) has acknowledged that the naira is currently…
