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
Foriegn Exchange
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
Business
Nigeria’s Inflation Expected to Rise to 33.29% in October Amid Currency Pressures
NBS is set to release Nigeria’s October inflation data, with projections indicating a rise to 33.29% as Exchange rate fluctuations continues
12 November 2024
Breaking News
Demand for Dollars Pushes Naira to Record Lows in Black Market
Amid rising demand and limited supply, Nigeria’s naira hits new lows in the black market as importers scramble for dollars
28 October 2024
Business
Kuda Secures PSP Licence in Tanzania, Expands Remittance Services
Kuda has obtained a Payment Service Provider (PSP) licence in Tanzania, enabling affordable cross-border payments
12 October 2024
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