Banking
Naira surges as forex reforms gain traction
The Naira appreciated by ₦4.59 against the U.S. Dollar on Thursday, closing at ₦1,586.15 at the official foreign exchange market....
Naira strengthens steadily against dollar
The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in...
CITM urges CBN to back Naira with gold reserves
The Chartered Institute of Treasury Management (CITM) on Friday called on Nigeria’s monetary authorities to consider partially backing the Naira...
Afreximbank posts net interest income of $411.2 million in Q1 2025
African Export-Import Bank (Afreximbank) says its Net interest income grew by 4.53 per cent to 411.2 million dollars in the...
Niger Assembly approves Bago’s N70 billion bond request
The Niger State House of Assembly has approved a ₦70 billion bond request by Gov. Umaru Bago to finance infrastructure...
Yuan weakens to 7.1937 against dollar
The central parity rate of the Chinese currency Renminbi, or the Yuan, weakened six pips to 7.1937 against the dollar...
Nigeria’s banking sector stable, CBN reassures Nigerians
The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient,...
Yuan strengthens 7.1916 against dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 22 pips to 7.1916 against the dollar...
CBN cuts FG loans by N4 trillion —Report
The Central Bank of Nigeria has reduced the loans of the Federal Government by N4.145 trillion in 2024. This was...
Naira ends week strong against dollar
The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign...