The Central Bank of Nigeria (CBN), has said that it is not planning to convert domiciliary accounts into Nigeria. […]
Category: Banking & Finance
CBN releases modified guidelines for CRR implementation
The Central Bank of Nigeria (CBN) has introduced a modified mechanism for the implementation of the cash reserve requirement (CRR) […]
Naira plunges further as ABCON shutdown operations in Abuja
There are reports that currency traders otherwise known as Bureau De Change (BDC) operators have announced the shutdown of operations […]
Local equities gain N902bn
The local equity market on Thursday rebounded, gaining N902 billion as gains recorded in the shares of Dangote Sugar, GTCO, […]
FX backlog: CBN concludes payment of all verified claims by airlines
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in […]
CBN injects fresh $500m to clear FX backlog
In its determination to address the backlog of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) has released […]
NGX to review tech use, listing rules
The Group Managing Director, Nigerian Exchange Group (NGX) Plc Temi Popoola, has listed various plans by the exchange group to revamp […]
Stock market raised N3.85trn capital for business in 2023 – NGX CEO
Acting Chief Executive Officer of Nigerian Exchange Ltd. (NGX), Mr Jude Chiemeka says the stock market facilitated the raising of […]
Local equities gain N317bn
Nigeria’s local equity market edged higher on Thursday gaining N317 billion. Market capitalisation of listed equities increased by 0.57 […]
Petrol price to fall – CBN
The pump prices of Premium Motor Spirit (PMS) petrol will moderate this year as government and private-owned refineries begin operation, […]