Naira Appreciation Continues: Binance Speculators Proven Wrong by CBN Governor Cardoso
In a surprising turn of events, the Naira continues to rise in value in the foreign exchange market, much to […]
African Business News
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Nigeria’s Interest Rate Hike to 24.75% Sparks Inflation Concerns
The recent decision by the Central Bank of Nigeria to increase the Monetary Policy Rate (MPR) from 22.75 per cent
Naira Appreciation Continues: Hits N1,290 per USD Amid CBN Interest Rate Hike
The Nigerian Naira’s strength against the US dollar continued to soar on Monday, reaching an impressive exchange rate of N1,290
CBN uncovers $2.4bn foreign exchange scam
March 18, 2024 In a startling revelation, the Central Bank of Nigeria (CBN), Governor Yemi Cardoso, has disclosed that law enforcement agencies
CBN Governor Confirms Clearance of FX Backlog, Challenges Stakeholders to Verify
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has made a bold statement regarding the clearance of the
FEC Approves Construction Of 28 Roads, Bridges Worth N1.267trn
March 26, 2024 The Federal Executive Council (FEC) has approved the construction of 28 roads and bridges across the country
Governor of Central Bank Collaborates with Nigerian Agencies on Binance Information Sharing
The Governor of the Central Bank, Olayemi Cardoso, recently provided an update on the collaboration between the apex bank and
CBN MPC Raises MPR by 200 Basis Points in March 2024 Meeting
The Central Bank of Nigeria’s Monetary Policy Committee recently wrapped up its two-day meeting for March 2024, making it the
BREAKING: CBN raises interest rate to 24.75% in bid to curb inflation
March 26, 2024 The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has announced a significant increase in the
CBN crashes retail forex rate by 3.4%
March 26, 2024 The Central Bank of Nigeria (CBN) yesterday undercut foreign exchange (forex) speculation and deepened its quest for stronger naira
Naira Appreciation Due to CBN FX Intervention, Unsustainable Without Reserves
Financial analyst Kalu Aja has attributed the recent appreciation of the Naira in the foreign exchange market to interventions by
National Assembly to partner WTO on improving Digital, Marine Economy
March 26, 2024 The National Assembly has expressed willingness to collaborate with the World Trade Organisation (WTO) in the area