The Bank ultimately awarded N1.3 trillion in T-Bills at an interest rate of 21.49 percent. These funds will be used by the CBN to intervene in the forex market, buying dollars and selling Naira.
Browsing: ECONOMY
The rush to link Bank Verification Number (BVN) and National Identification Number (NIN) to bank account(s) has resulted in a large turnout of persons at bank branches across the country, slowing down the process and becoming somewhat frustrating.
The World Bank says investing in women and girls’ empowerment is critical to transform economies and improving people’s lives. The…
The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February. Acting…
The Nigeria’s stock market has recently surge, courtesy of President Bola Tinubu-led Renewed Hope administration, that has projected a positive…
The Economic and Financial Crimes Commission (EFCC) has revealed that approximately 70 percent of financial crimes in Nigeria are connected…
A crypto investigator Obinna Iwuno says traders on the cryptocurrency trading website Binance, which is accused of allowing $26 billion…
The International Monetary Fund (IMF), says addressing food insecurity should be the immediate priority for the Nigerian government. The IMF…
The Debt Management Office (DMO), has announced two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per…
The collaboration between Sterling Bank and Export and Sell Nigeria Limited represents another milestone in the lender’s continuing commitment to fostering economic growth and Nigerian empowering businesses of all sizes to thrive in the global market.