Business
Naira Projected to Depreciate to N1,804 in 2025
Afrinvest predicts the naira may depreciate to N1,804 in 2025 due to limited FX liquidity and market demand challenges.
30 December 2024
Foriegn Exchange
Business
Nigeria’s Diaspora Remittances Increases By 61% in One Year
Technical advancements and a weakened Naira boost Nigeria’s diaspora remittances, improving living standards for many low- and middle-income.
19 December 2024
Business
Naira Strengthens Amid Market Reforms, Analysts Predict Stability at N1,500/$
Nigeria’s naira strengthens to N1,515 per dollar amid market reforms and improved forex inflows. Analysts predict stability around N1,500/$
8 December 2024
Business
Analysts Applaud CBN’s New EFEMS for Transparency in Forex Market
Financial experts praise the Central Bank of Nigeria’s EFEMS initiative, aiming to boost transparency and efficiency in forex trading
4 December 2024
Business
Nigeria’s Eurobond Issue Oversubscribed by $9 Billion
Nigeria’s recent Eurobond issue achieved a $9 billion subscription, far exceeding the $1.7 billion target, signaling robust investor confidence and bolstering naira stability.
3 December 2024
Business
UBA Group Expands Global Footprint with New Operations in France
UBA Group Chairman Tony Elumelu signs a landmark agreement in Paris, advancing the bank’s operations in France
30 November 2024
Business
CBN Introduces New Guidelines for Interbank Foreign Exchange Trading via EFEMS
CBN has unveiled new guidelines for interbank forex trading through the Electronic Foreign Exchange Matching System (EFEMS)
28 November 2024
Business
Naira Gains in Official Market Amid Black Market Volatility
Naira records gains at official market, slides at black market as Monetary Policy Committee (MPC) raise interest rate slightly.
27 November 2024
Business
Naira Plunges to N1750/$ at Black Market Despite Official Market Gains
Naira weakens to N1750/$ at the black market amid dollar demand pressure, while official markets see a slight recovery to N678.6/$
20 November 2024
Business
Nigeria’s External Debt Hits $42.9bn in Q2 2024 Amid Rising Naira Devaluation
Nigeria’s external debt reached $42.9bn in Q2 2024, rising +2% QoQ and reflecting the naira’s 13% depreciation.
16 November 2024
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