Weeks after it was raised from ₦783 per dollar to ₦952 per dollar, the Central Bank of Nigeria (CBN) has again raised the exchange rate for cargo clearance from ₦952/$ to N1.356 per dollar.
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The equity market on Thursday rebounded by 1.63 per cent from its two-day losses due to improved investors’ buy interest in the stocks of Tier-one banks and BUA Cement.
Nigerian Bureau De Change (BDC) operators have announced that they would shut down their operations in the capital city of Abuja.
The Central Bank of Nigeria (CBN) says it has concluded the payment of all verified claims by airlines with an additional $64.44 million.
ASHENEWS The Emir of Kano, Aminu Bayero has endorsed The Alternative Bank, Nigeria’s largest ethical bank, at the launch of its first stand-alone branch in the ancient city, describing it as a transformative force that will significantly impact individuals and businesses in the state.
Former Central Bank of Nigeria (CBN) governor, and 14th Fulani Emir of Kano, Muhammadu Sanusi, has supported the planned relocation of five of the apex bank’s departments from Abuja to Lagos.
ASHENEWS reports that the Economic and Financial Crimes Commission (EFCC) has begun an investigation into $347 billion forex allegedly allocated to local and foreign companies in Nigeria between January 2014 and June 2023.
ASHENEWS reports that the Association of Corporate and Marketing Communication Professionals in Nigerian Banks (ACAMB), recently elected its new officials who will run the affairs of the association for the next two years.
The Central Bank of Nigeria (CBN) governor, Yemi Cardoso has disclosed that the Nigerian currency, Naira is undervalued, but that the bank will work towards real price discovery in the foreign exchange market within the year.
The Debt Management Office (DMO) on Tuesday re-opened four Federal Government of Nigeria Bonds valued at N360 billion for subscription through auction.