At the end of its 2nd Meeting this year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday March 22, 2022 resolved to maintain the Monetary Policy…
The Central Bank of Nigeria has instructed banks to place a post-no-debit on the bank accounts of 38 companies. The affected accounts belong to betting companies, bureau de change companies…
The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$ in the morning. This followed the Central Bank of Nigeria’s…
Central Bank of Nigeria (CBN) has said it would restart the auctioning of foreign exchange to bureau de change (BDC) operators once international flights resume. CBN Director, Corporate Communications,…
The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued volatility experienced in crude oil prices and low demand had…
The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn from the Excess Crude Account for the implementation of the…
Nigeria’s external reserves dropped by $286 million (0.8 per cent) to $35.899 billion as at July 28, 2020, compared to the $36.185 billion it was at the end of June,…
The naira on Tuesday traded at B472 to a dollar at the parallel market as foreign exchange scarcity persisted. The exchange rate was N440/$ in the parallel market in June,…
With the fall of the naira against the dollar, worsening scarcity of dollar, a rather scary economic forecast by Pwc, the nations economy is jittery in the face of a…
The Federal High Court sitting in Lagos on Friday ordered the Attorney-General of the Federation & Minister of Justice, Mr. Abubakar Malami, SAN, to appear before it to explain the…
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