CBN Sells FX To BDCs At N1,251/$1

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...
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NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

The regulating body of the Nigerian Exchange Group, the NGX Regulation Ltd. (NGX RegCo) and Financial Reporting Council of Nigeria (FRCN), at the weekend launched roadmap for the adoption of the Sustainability Financial Reporting Standard in Nigeria. The lunch...
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Market Capitalisation Drops By N51billion

Market Capitalisation Drops By N51billion

The market capitalisation of the Nigerian Exchange Ltd. (NGX) Monday dropped by N51 billion. Specifically, the market capitalisation opened at N55.861 trillion to close at N55.810 trillion, representing 0.09 per cent decrease.The All-Share Index also dropped b...
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Cardoso To Nigerians: Moderate Demand For Forex

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...
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CBN Gov Pledges To Tackle Unauthorised Withdrawals

CBN Gov Pledges To Tackle Unauthorised Withdrawals

The Central Bank of Nigeria (CBN) has pledged to deal decisively with any bank found sabotaging monetary policies or guilty of unauthorised withdrawals from customer accounts. The Governor of the apex bank, Mr Olayemi Cardoso made the pledge on Tuesday...
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Senate Reiterates Commitment To Capital Market-Driven Reforms

Senate Reiterates Commitment To Capital Market-Driven Reforms

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Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation.  Meanwhile, Business Man,  Mr. Femi Otedola also on Monday confirm...
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CBN To Hold First MPC Meeting Under Cardoso

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...
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CBN Lifts Restriction On 43 Items

CBN Lifts Restriction On 43 Items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech. AbdulMumin also announced that Import...
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Cardoso Assumes Duty As CBN Governor

Cardoso Assumes Duty As CBN Governor

Acting Central Bank of NIgeria (CBN) Governor Dr. Olayemi Cardoso, on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the apex bank, pending his confirmation by the Senate. CBN in a statement, on...
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Benin Residents Reject Old N500, N1,000 Notes

Benin Residents Reject Old N500, N1,000 Notes

Many Benin residents are still rejecting the old N500 and N1,000 notes for business transactions in spite of Gov. Godwin Obaseki’s appeal to accept them. The News Agency of Nigeria (NAN) reports that the governor had in a statement issued...
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Naira Exchanges N461.33 To Dollar At Investors, Exporters Window

Naira Exchanges N461.33 To Dollar At Investors, Exporters Window

Naira on Monday exchanged at N461.33 to a dollar at the Investors and Exporters window. The rate represented an increase of 0.09 per cent, compared to the N461.75 for which it exchanged to the dollar before the close of business...
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Naira Exchanges For N462 To  Dollar At Investors, Exporters Window

Naira Exchanges For N462 To  Dollar At Investors, Exporters Window

The Naira on Tuesday remained unchanged, exchanging at N462 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Monday. An exchange rate of N462.50 to the dollar was the highest...
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Naira Gains At Investors, Exporters Window By N461.33

Naira Gains At Investors, Exporters Window By N461.33

The Naira on Thursday exchanged at N461.33 to the dollar at the Investors and Exporters window.  The figure represented an appreciation by 0.06 per cent compared with the N461.60 it exchanged on Wednesday.  The open indicative rate closed at N461.30....
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