Receive $1 from abroad, get N5 extra, CBN tells Nigerians
The Central Bank of Nigeria has introduced a new scheme that will see recipients of diaspora remittances get N5 extra
Read more
Money
Nigeria’s forex reserves fall below $35bn despite oil rally
Nigeria’s foreign exchange reserves have fallen below $35 billion to the lowest point in more than two months, despite the
Read more
Naira sinks at I&E window as forex reserves shed $1.1bn
The Nigerian currency weakened further against the dollar at the investors’ and exporters’ window on Tuesday as the country’s foreign
Read more
Naira tumbles to 482/dollar, lowest in nearly three months
The Nigerian currency closed weaker against the United States dollar at the parallel market and the investors’ & exporters’ window
Read more
Cryptocurrency may ‘lay golden eggs’, don’t kill it, Osinbajo tells CBN
The Vice-President of Nigeria, Prof. Yemi Osinbajo, has said it is in the place of the Central Bank of Nigeria
Read more
Wema Bank’s pre-tax profit rises to N6.96bn
Wema Bank Plc has reported a profit before tax of N6.96 billion for the 2020 financial year, up from N6.76
Read more
Zenith Bank’s profit grows by 5% to N255.9bn
Zenith Bank Plc, one of Nigeria’s largest banks, has reported a five percent rise in its profit before tax for
Read more
SEC, CBN, others to develop regulatory structure for cryptos
The Securities and Exchange Commission said on Tuesday that it would collaborate with the Central Bank of Nigeria and other
Read more
FMDQ Exchange admits Parthian Partners’ N20bn commercial paper
FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited N20.00 billion Commercial Paper Programme to its platform. The
Read more
Naira weakens against dollar, pound, euro on black market
The Nigerian currency fell on Monday against the US dollar, the British pound and the euro at the parallel market.
Read more