The Central Bank of Nigeria (CBN) has granted final approval to Ascensia Finance Company Limited, officially authorising it to operate as a finance company within the…
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The naira appreciated against the dollar at the official foreign exchange market on Tuesday, showing resilience despite the country’s elevated inflation levels. According to data released…
The Central Bank of Nigeria (CBN) has warned deposit money banks to avoid sourcing capital from illegitimate channels during the ongoing recapitalisation exercise. The apex bank…
The naira ended the week on a negative note, trading above the N1,600 mark against the dollar at both the official and parallel foreign exchange markets.…
The rollout of the naira redesign and Nigeria’s cashless policy in early 2023 did not take microfinance banks by surprise. For years, the Central Bank of…
The Nigerian naira weakened further in the parallel market on Thursday, exchanging at N1,621 to the US dollar, marking a sharp decline from the N1,580/$1 rate…
The naira weakened against the US dollar across both the official and parallel foreign exchange markets on Wednesday, following US President Donald Trump’s announcement of a…
The naira recorded a slight gain against the dollar in the foreign exchange market, offering a brief relief after days of losses triggered by the tariff…
The naira continued its upward trend against the dollar at the official foreign exchange market on Wednesday, following the Eid-el-Fitr holidays. According to data from the…
The Central Bank of Nigeria (CBN) announced Tuesday that Nigeria’s net foreign exchange reserves (NFER) surged to $23.11 billion by the end of 2024, marking their…