CBN Mandates Banks, IMTOs to Pay Diaspora Remittances in Naira – THISDAY
By James Emejo in Abuja The Central Bank of Nigeria (CBN) Tuesday directed banks and International Money Transfer Operators (IMTOS) to pay all diaspora remittances in Naira and…
Naira remains weak despite $24bn inflow in three months – BusinessDay
By Hope Moses-Ashike The naira, Nigeria’s currency remained weak on Wednesday, trading at between N1,498 and N1,505 per dollar at the parallel market, popularly called the black market,…
Naira on an 8-day depreciation streak, falls again to N1,507.83/$1 – Nairametrics
By Sami Tunji The naira has weakened further against the dollar on Wednesday, closing at N1,507.83/$1, based on the latest data from the FMDQ, which manages the NAFEM…
Investors gain N94bn as Nigeria’s equities market reverses losing trend – Ripples Nigeria
By Ripples Nigeria The Nigerian equities market rebounded from its negative run with investors making N94 billion at the close of trading on Wednesday. This followed the growth…
SEC, NGX Group reinforce commitment to capital market digital transformation – Nigerian Tribune
by Kehinde Akinseinde-Jayeoba The Securities and Exchange Commission (SEC) and Nigerian Exchange Group Plc (NGX Group) have reaffirmed their dedication to the comprehensive digitisation of the capital market, aligning…
CBN will use conventional methods to tame inflation – Cardoso – Daily Post
By Chika Onyesi The Governor of the Central Bank of Nigeria, CBN, Mr Olayemi Cardoso has reiterated the determination of the Bank’s Monetary Policy Committee, MPC, to tame inflation…