Naira Holds Firm at N1,601.82/$1
The naira appreciated in the official market on Thursday, closing at N1,601.82/$1, a slight improvement from the previous day's close ...
Tag: FX
FX: International Breweries Records N113.6bn Loss
International Breweries Plc has reported a post-tax deficit of N113.6 billion for the 2024 financial year, a 62.2% increase from ...
Naira Records Gains in 2025
Nigeria’s naira on Friday recorded a second marginal gain against the dollar as pressure eases in the official foreign exchange ...
CBN sets New $100,000 minimum Trade Cap for Banks
The Central Bank of Nigeria (CBN) has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange ...
FX: Research Group Faults CBN’s Policy Somersault
Pol Eco Analytics, an Abuja-based economic and development research organisation, has flayed the Central Bank of Nigeria (CBN’s) policy somersaults ...
Taxing the Unexpected: Nigeria’s Windfall Tax on Banks’ FX Gains
The Nigerian government's introduction of a 50% windfall tax on foreign exchange gains in banks' 2023 financial statements is a ...
14 Reasons Fitch Ratings Affirms Nigeria’s Credit Outlook Positive
Nigeria’s credit rating outlook was lifted by the Fitch Ratings to positive from stable, six months after it said that ...
Naira Weakens to 1,440/$ in the Parallel Market
The naira did not fare better on the parallel market, trading between 1,440/$ and 1,460 at the close of trading ...
Importers to Pay More as CBN Adjusts FX Rate to N1,413.62/$1
Importers were yet to accept the N1,356.883 foreign exchange (FX) rate, the Central Bank of Nigeria (CBN) imposed on the ...
CBN Should Treat Violation of Policies on FX as Economic Sabotage – Expert
Reporter: Tobi Adetunji The Central Bank of Nigeria (CBN), has been advised to treat violation of the instructions given to ...
CBN Releases $500 million to Clear FX Backlogs
The Central Bank of Nigeria (CBN) has said that it has released 500 million dollars to various sectors in its ...
We’ve Uncovered Infractions, Abuses in FX Market – CBN
The Central Bank of Nigeria (CBN) has resolved to sanitize the financial services sector and foster trust among all market ...
UBA Surpasses N1trn Market Capitalisation, N29.90 per Share Value
The United Bank for Africa (UBA) Plc, Monday, January 08, 2024, exceeded market capitalisation of over N1 trillion. The bank ...
FX: We’ve Cleared Airlines’ $61.64million Backlog – CBN
The Central Bank of Nigeria (CBN) has claimed it has disbursed approximately $61.64 million to foreign airlines through various banks. ...
Tough Decisions for Nigerian Businesses as Inflation, FX, other Market Forces Bite
Sometime in April 2018, Christian Sewing was appointed Deutsche Bank's new CEO. After his first address to the employees, one ...
