The 364-day tenor treasury bill was oversubscribed as its stop rates spiked to 19% at the February 7th 2024 auction. The CBN offered N600 billion of...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of...
Amid stakeholders’ rejection of the N1,356.883 exchange rate, the Central Bank of Nigeria (CBN) on Saturday readjusted the exchange rate on the Customs platform to N1,413.62/$1....
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves...
The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.62 trillion to the three tiers of government in December 2023 from the total revenue generated...
The Central Bank of Nigeria (CBN) has released $500 million to various sectors as part of its determination to address the backlog of verified foreign exchange...
In its latest report, leading auditing and consulting firm, PwC has disclosed seven major trends that will shape Nigeria’s troubled economy in 2024. Among others, the...
By Umar Suleiman Investment in the Nigerian telecommunications sector dropped to $111.91 million in the first three quarters of 2023, down 61.22 per cent from $288.55...
Foreign Direct Investments into Nigeria declined by $470.8m in the last five years, findings have shown. This followed analyses of different Capital Importation reports published by...
As N’Assembly raises lawmakers’ allocation to N344bn The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will be the...