Foreign inflow: NGX recorded a continued drop that extended to April – Report
NIGERIA, May 29 – The Nigerian Exchange Limited (NGX) has reported drop in the value of foreign inflow by 19.14 % for month-on...
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Economy: World Bank warns CBN against controlling Forex, direct lending, subsidy program
AFRICA, Oct. 5 – The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconv...
New CBN Governor to clear dollar debts, suspend intervention loans
NIGERIA, Sept. 27 – The new Central Bank of Nigeria’s Governor, Olayemi Cardoso, has stated that he will give more atten...
Manufacturers to hike general price of commodities as Naira fall continued
NIGERIA, Jan. 29 – Nigeria Manufacturers have foretold fresh hikes in the prices of commodities in the market as the consequen...
Forex: Naira falls on official I&E window to N1089/$
NIGERIA, Jan. 10 – The Naira fell on the official Investor and Exporter window to N1089.51/$ on Tuesday. The currency dropped&...
Naira scarcity Persist, traders ration cash as POS operators blame Banks for double standard
NIGERIA, Jan. 2 – Nigeria’s current cash scarcity is biting hard on people in the remote parts of the country. Some rural farm...
E-Naira grew by 284%, as the notes decline to N2.7tn – CBN
NIGERIA, Dec. 29 – The Central Bank of Nigeria (CBN) revealed that the volume of e-Naira in circulation grew by 284.6 % to N9....
Banks to stop non-deposit financial institutions from transfer list in line with CBN Policy
NIGERIA, Dec. 7 – Nigeria commercial Banks have been requested to disconnect Switches, Payment Solution Service Providers, and...
Naira gains after three weeks as it appreciates against the U.S dollar
NIGERIA, Oct. 26 – The Naira for the first time after three weeks appreciates on Wednesday against the U.S dollar on the unoff...
Niaragram prepares to tackle Forex liquidity crisis in Nigeria
NIGERIA, Oct. 10 – Nairagram, an International Money Transfer Operator licensed to operate in Nigeria, has said it is partneri...