HONG KONG/LONDON, June 17 (Fitch) Nigeria’s planned shift to a more flexible foreign-exchange regime could aid the sovereign’s adjustment to lower oil prices and support growth,...
Understanding Key Aspects of CBN’s New Forex Guidelines The Central Bank of Nigeria has been hailed by analysts for abandoning its Naira peg rate for...
Here are the 13 key points of CBN’s new forex policy announced on Wednesday. 1. The forex market is to operate as a single market structure...
Nigerian Stock Market Gains N205bn Nigerian stock market gained N205 billion on Thursday after 32 firms made the gainers chart. The Nigerian Stock Exchange All-Share Index...
Nigeria inflation rose to a six-year high in May, following a disappointing data in April as the increase in transport fares and other energy prices continues...
Diamond Bank Plc has fired 200 members of its workforce as the economic challenges affecting the country continue to batter the financial services industry. This is...
Nigeria’s trade value plunged in the first quarter of the year to N2,72tn from N3,51tn recorded in the preceding quarter, this was 22.6 percent less than...
Nigerian equity investors lost over N426bn ($2.3bn) in one session on Tuesday. The Nigerian Stock Exchange market capitalization plunged from N9.926tn to N9.5tn, while the Nigerian...
Nigerian Currency Crisis Explained: What We Know and Don’t Know Nigeria’s central bank may soon give bond and stock investors what they have been pleading...
CBN Leaves Interest Rates Unchanged The monetary Policy Committee (MPC) led by the governor of the Central Bank of Nigeria, Godwin Emefiele on Tuesday said...