CBN circulars on cryptos, others may be spooking foreign investors – FDC
The circulars from the Central Bank of Nigeria on cryptocurrency transactions, repatriation of export proceeds and diaspora remittances may be
Read more
Author: Markets Reporters
Naira tumbles at I&E window, strengthens on black market
The Nigerian currency plunged by 1.17 percent on Friday against the dollar at the Investors’ and Exporters’ Foreign Exchange Window.
Read more
Nigeria sets up infrastructure company to bridge huge deficit
President Muhammadu Buhari has approved the establishment of an infrastructure company, named Infra-Co, with an initial seed capital of N1
Read more
AfDB, AGF to unlock $2bn loans for women entrepreneurs
The African Development Bank’s Affirmative Finance Action for Women in Africa programme has agreed a partnership with the African Guarantee
Read more
Nigeria plans more borrowing, targets 40% debt-to-GDP
Nigeria, Africa’s biggest economy, is looking to increase its debt-to-GDP ratio to 40 percent by 2023 from10.35 percent at the
Read more
Ecobank Nigeria’s $300m bond oversubscribed by three times
Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, has said its $300 million bond was more than three
Read more
Naira rises to 475 against dollar after crypto ban
The Nigerian currency strengthened against the dollar on Thursday at the parallel market for the second day after the Central
Read more
CBN ban: SEC puts plan to regulate cryptocurrencies on ice
The Securities and Exchange Commission has put on hold its plan to regulate cryptocurrencies and other digital assets following last
Read more
Nigeria’s forex reserves fall below $36bn despite oil rally
Nigeria’s foreign exchange reserves have declined below $36 billion to the lowest level since Jan. 8, 2021 despite the recent
Read more
Ex-World Bank executive joins Ecobank’s board
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the co-option to its Board of Directors of Hervé
Read more