Banking
Banking recapitalisation: Fitch says entry barrier, long-term profitability imminent
Mergers and Acquisitions (M&As) that would take place in the process of the banking recapitalisation exercise could lead to a...
CBN bans use of foreign currencies as collateral for naira loans
The Central Bank of Nigeria (CBN) has banned the use of foreign currencies as collateral for naira loans. The ban...
CBN sells dollar to BDCs at N1,101/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them of the...
CBN special investigator submits final report
Jim Obazee, the special investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria...
Naira strengthens against dollar by 0.32%
The Naira on Friday strengthened at the official market, trading at N1,251.05 to a dollar. According to data from the...
Naira gains 0.62% at official market
The Naira gained at the official market as it traded at N1,255.07 to a dollar on Thursday. Data from the...
Nigeria’s imports drop by 5% in Q1 2024
Nigeria’s imports declined by five per cent in the first quarter of 2024, according to data by the Nigeria Customs...
Naira appreciates further at official market, gains 1.23%
The Naira gained further at the official market, trading at N1,262.85 to a dollar on Wednesday. Data from the official...
Naira appreciates at official market, gains 2.4%
The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading...
Banking recapitalisation will drive Tinubu’s $1 trillion economy – Agusto & Co
Credit ratings agency, Agusto & Co, has stated that the banking recapitalisation exercise is necessary to provide the funding needed...