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Tag "cbn"

Here is what the return of BDCs means for the naira

    Here is what the return of BDCs means for the naira

As I like to say, Nigeria is on autoreplay; what happened 10 years ago also happened four years ago, and will also resurface tomorrow. Round and round, the naira story

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Nigeria’s net FX reserves likely fell to $3.7bn at end of 2022, says JP Morgan

    Nigeria’s net FX reserves likely fell to $3.7bn at end of 2022, says JP Morgan

JP Morgan, an American multinational financial services firm, estimates that Nigeria’s net foreign exchange (FX) reserves fell to $3.7 billion as of the end 2022 . This is contained in

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Nigeria’s Q2 GDP, capital importation report… 7 business stories to track this week

    Nigeria’s Q2 GDP, capital importation report… 7 business stories to track this week

Here are the seven top business stories you need to track this week —  August 21 to August 25. INAUGURATION OF NEW MINISTERS President Bola Tinubu will inaugurate his new

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CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

    CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country.  This is coming 25 months

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CBN, NBC ask Nigerians to report companies offering ’extraordinary’ ROI

  CBN, NBC ask Nigerians to report companies offering ’extraordinary’ ROI

The Financial Services Regulation and Coordinating Committee (FSRCC) and the National Broadcasting Commission (NBC) have asked the public to report

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CBN introduces FX price verification system portal for importers

  CBN introduces FX price verification system portal for importers

The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable importers

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NNPC secures $3bn oil-for-cash loan to stabilise the naira

  NNPC secures $3bn oil-for-cash loan to stabilise the naira

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira

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Naira appreciates to N890/$ at parallel market

  Naira appreciates to N890/$ at parallel market

The naira, Nigeria’s legal tender, is currently trading at N890 per dollar at the parallel section of the foreign exchange

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Agora Policy: How FG, CBN can stabilise foreign exchange market

  Agora Policy: How FG, CBN can stabilise foreign exchange market

In light of the recent naira slump, Agora Policy, an Abuja-based think tank, has suggested a framework that the federal

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Naira float: How to stop the local currency from drowning us all

  Naira float: How to stop the local currency from drowning us all

Resolved. There are smarter people in government than ‘Mayowa Tijani; these people have the answers to the economic challenges the

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