Naira Weakens to 1,440/$ in the Parallel Market by Techeconomy February 6, 2024 0 Finance The naira did not fare better on the parallel market, trading between 1,440/$ and 1,460 at the close of trading ... Read more
Importers to Pay More as CBN Adjusts FX Rate to N1,413.62/$1 by Techeconomy February 5, 2024 0 Finance Importers were yet to accept the N1,356.883 foreign exchange (FX) rate, the Central Bank of Nigeria (CBN) imposed on the ... Read more
CBN Should Treat Violation of Policies on FX as Economic Sabotage – Expert by Techeconomy February 2, 2024 0 Finance Reporter: Tobi Adetunji The Central Bank of Nigeria (CBN), has been advised to treat violation of the instructions given to ... Read more
CBN Releases $500 million to Clear FX Backlogs by Techeconomy January 29, 2024 0 Finance The Central Bank of Nigeria (CBN) has said that it has released 500 million dollars to various sectors in its ... Read more
We’ve Uncovered Infractions, Abuses in FX Market – CBN by Techeconomy January 18, 2024 0 Finance The Central Bank of Nigeria (CBN) has resolved to sanitize the financial services sector and foster trust among all market ... Read more
UBA Surpasses N1trn Market Capitalisation, N29.90 per Share Value by Techeconomy January 9, 2024 0 Finance The United Bank for Africa (UBA) Plc, Monday, January 08, 2024, exceeded market capitalisation of over N1 trillion. The bank ... Read more
FX: We’ve Cleared Airlines’ $61.64million Backlog – CBN by Techeconomy January 8, 2024 0 Finance The Central Bank of Nigeria (CBN) has claimed it has disbursed approximately $61.64 million to foreign airlines through various banks. ... Read more
Tough Decisions for Nigerian Businesses as Inflation, FX, other Market Forces Bite by Peter Oluka October 26, 2023 1 Finance Sometime in April 2018, Christian Sewing was appointed Deutsche Bank's new CEO. After his first address to the employees, one ... Read more
20 Key Recommendations by Presidential Tax Reforms Committee by Peter Oluka October 25, 2023 3 Finance The Presidential Fiscal Policy and Tax Reforms Committee, has presented its report to President Bola Tinubu. The Committee chaired by ... Read more
CBN Introduces Naira Payout Option for Remittances by Justice Godfrey Okamgba July 12, 2023 0 Economy In a recent circular, the Central Bank of Nigeria (CBN) has instructed International Money Transfer Operators (IMTOs) to offer remittance ... Read more
Surge in FX Inflows, Investors Stay Cautious Amid Reforms by Justice Godfrey Okamgba July 10, 2023 0 Finance Nigeria's foreign exchange market has experienced significant inflows of foreign currency driven by favorable sovereign ratings and higher oil and ... Read more
Access Bank Introduces FX Transfer for Domiciliary Account Holders by Justice Godfrey Okamgba July 10, 2023 0 Finance Access Bank has announced the availability of Foreign Currency Transfer for all domiciliary account holders. This new feature aims to ... Read more
Tinubu: I Rejected Personal Benefit in Favor of Nigeria’s Financial Stability by Justice Godfrey Okamgba June 30, 2023 0 Finance President Bola Tinubu, speaking in Lagos on Thursday, expressed that although he had the option to maintain the multiple foreign ... Read more
What CBN told Exporters Concerning FX by Techeconomy May 11, 2023 0 Finance By: Olivia Nnorom The Central Bank of Nigeria (CBN) has reassured exporters of its commitment in strengthening and expanding foreign ... Read more
PTA/BTA – Ecobank Updates Retail FX Transactions for Foreign Schools by Yinka Okeowo June 1, 2022 0 Finance “Due to current market trends, we require a 30-day window to complete requests for school fees, accommodation, and upkeep..." Read more