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The introduction of the CBN FX gateway by the bank could potentially affect the liquidity of other banks, according to Fitch
Fitch Ratings has expressed concerns about the potential negative impact on the liquidity of Nigerian banks due to the Central Bank of Nigeria's proposed...
Atiku’s proposal is poised to bring Nigeria back to the era of Emefiele, according to the Presidency
The Presidency contends that adopting a controlled floatation of the naira, as suggested by Atiku Abubakar, would mirror the economic approach of the former...
Nigeria and Brazil witness a surge in trade volume to $1.6 billion during the AU Summit, marked by discussions between Tinubu and Lula da...
As the ongoing African Union summit gains momentum, President Bola Tinubu and Brazilian President Luiz Inácio Lula da Silva convened in Addis Ababa, Ethiopia,...
Banks offload $3.3 billion amid the Central Bank’s efforts to counter a recent decline in the value of the naira
The naira experienced a fresh decline in both the official and parallel foreign exchange markets on Friday.
The national currency dropped to N1,670/$ at the...
EFCC directs a task force to address illicit forex trading and misuse of the naira
The Economic and Financial Crimes Commission (EFCC) has formed a task force to address the issues of illegal forex trading and abuse of the...
