CBN’s Monetary Tightening Yields $1.5bn Inflows, Naira Strengthens To N1,309/$1
The CBN says the naira trading at N1,309/$1 indicates the currency is headed in the right direction.
The CBN says the naira trading at N1,309/$1 indicates the currency is headed in the right direction.
Less than 24 hours after the CBN unfolded new capital requirements for banks, Access Holdings announced plans to raise $1.5bn.
The Nigerian High Commission in London congratulated Air Peace on its new Lagos-London route by projecting messages on its building.
Power Minister Adelabu says forex sourcing is the sector’s major constraint to maintenance and sustainability, hence the collaboration with CBN.
Access Bank has announced a 100″% increase in interest income for the 2023 financial year.
Bankman-Fried will be appealing his 25-year jail sentence for orchestrating one of the largest financial frauds in US history.
World Bank Group fulfills promise to publish more proprietary data, including debt defaults, to attract private sector investment.
NNPC Boss Kyari says the company plans to bridge the energy access gap in Nigeriad by developing the right infrastructure.
The EU has blamed the high level of tax evasion in Nigeria on absence of transparency in tax management process.
The KFC management has been ordered to issue a written apology to the individual denied access due to his disability.
Following a declaration of N729bn profit before tax, Access Holdings has proposed a N2.10 Dividend Per Share.
NNPC says the reports of downward price review of petroleum products are false.
On the forex trading window, the naira’s highest and lowest spot rate were N1,460 and N1,200 on Wednesday.
Controversy brews as former EKEDC CEO contests removal, exposing deeper rifts within EKEDC’s leadership structure.
As Xiaomi launches first electric car, it has announced plans to invest $10 billion in its vehicles business in the next decade.
“There’s $60bn to $65bn potential of capital importation into Nigeria on a yearly basis,” says Tilewa Adebanjo.
Around 15,000 customers have willingly returned money that was “taken illegally” from Ethiopia’s largest bank.
CBN Governor Cardoso has again insisted that a reported FX backlog of $2.4 billion remains invalid for settlement.
Senator Natasha Akpoti-Udoaghan believes Nigeria can boost its non-oil exports to earn forex for the economy.
The Naira has appreciated at both the official window and parallel market to N1,382.95/$1 and N1,350/$1 respectively.
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