The Central Bank of Nigeria (CBN) highlighted the merit-based selection of Remita to provide an electronic platform essential for facilitating …
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Naira Surges to N1,290 Per USD: Positive Impact of CBN’s Interest Rate Hike
The Nigerian Naira has shown significant appreciation against the US dollar, trading at N1,290 per USD on Tuesday, March 27, …
Read More »CBN Governor Clarifies Role in Regulating Cryptocurrency, Emphasizes Collaboration with Other Agencies
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified the bank’s role in regulating cryptocurrency and emphasized …
Read More »NACCIMA Opposes CBN’s Lifting of Forex Restrictions on Milk and Dairy Products
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has voiced its opposition to the Central Bank …
Read More »FBN Holdings Appoints Five New Directors as Otedola Takes Over as Chairman
FBN Holdings Plc, a leading financial institution in Nigeria, has announced the appointment of five new directors as billionaire businessman …
Read More »Rewane Predicts Bright Future for Naira, Urges Right Policies and Resource Management
Renowned economic expert Bismark Rewane expressed optimism about the future of Nigeria’s currency, the naira. Despite its recent depreciation against …
Read More »Foreign Airlines Demand Evidence of Payment as CBN Claims Clearing of $7bn Forex Backlog
Following reports that the Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs, foreign airlines have called …
Read More »LCCI Urges Harmonization of Efforts to Tackle Inflation and Protect Economic Wellbeing
In response to the recent data released by the National Bureau of Statistics (NBS) showing a significant increase in the …
Read More »Naira Surges to N1400/$ at Parallel Market Amidst Strengthening Economy
Nigeria’s currency, the Naira, has experienced a significant strengthening against the US dollar at the parallel market. The exchange rate …
Read More »CBN Resolves $7 Billion Forex Backlog, Boosting Nigeria’s External Reserves to $34.11 Billion
The Central Bank of Nigeria (CBN) has announced the successful clearance of a $7 billion foreign exchange (FX) backlog, which …
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