News
By Blaise Udunze The moment the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, recently announced that Nigeria’s foreign reserves had inched...
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- News
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- Sports
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- Business
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All posts tagged "FX"
Opinion
By Blaise Udunze The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude...
News
By Blaise Udunze Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful...
Business
The Naira continued to trade with a significant disparity between Nigeria’s official and parallel foreign exchange markets on Sunday, October 19, raising concerns among...
News
By Blaise Udunze In the first quarter of 2025, Nigeria’s 10 largest banks proudly reported a combined total asset base of N218.99 trillion, up...
E-Financial
The naira closed the past week weaker than the previous one, as it depreciated by 0.14 per cent week-on-week to settle at 1,532.34/$ at...
E-Financial
Central Bank of Nigeria (CBN) has warned that it will impose severe penalties on banks failing to address the ongoing cash scarcity at automated...
E-Financial
Central Bank of Nigeria (CBN) has disclosed that it sold a total of $543.5 million to authorized dealer banks in the Nigerian Foreign Exchange...
E-Financial
Central Bank of Nigeria (CBN) has approved the sale of dollars to bureau de change (BDC) operators at a rate of N1,580 per dollar....
E-Financial
Wale Edun, Minister of Finance and Coordinating Minister of the Economy says the Nigerian economy is experiencing a positive growth rate of 2.99 percent,...