Banking & Finance
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226Outstanding $7bn FX cleared, says Cardoso
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Wednesday that the Federal Government has cleared the outstanding $7bn foreign...
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206Active Bank Accounts Hit 311.65m in December –NIBSS
Latest data from the Nigeria Inter-Bank Settlement System has revealed that the volume of active accounts in the Nigerian banking system rose...
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171Era of Opaque FX Market Practices, Sundry Abuses Over –Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday launched the Nigeria Foreign Exchange Code (FX Code), aimed at...
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171CBN Sets Jan 31 Deadline for FX Compliance Reports
The Central Bank of Nigeria has directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria...
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175
Forex Spending on Foreign Education, Health Defy Naira Depreciation
Despite the over 30 per cent depreciation of the naira, Nigerians increased spending on foreign education and health services by 26 per...
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394PenCom Releases Additional ₦22b for Pension’s Settlement
The National Pension Commission (PenCom) said Office of the Accountant General of the Federation (OAGF) has released an additional N22 billion as part...
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140SEC Warns Nigerians Against Investing with Risevest, Stecs
The Securities and Exchange Commission (SEC) has cautioned Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and...
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221Nigeria’s FX Reserves Plunge by $832m in Two Weeks
Nigeria’s foreign exchange reserves have recorded a significant decline within two weeks this January, dropping by $832.62m between January 6 and January...
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226
CBN Unveils Nigerian FX Code to Guide Market Participants, Curb Distortions, Others
The Central Bank of Nigeria (CBN) has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the...
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185FG Secures $134m from AfDB to Boost Food Production
The federal government has revealed that it secured a $134 million loan from the African Development Bank (AfDB) under the African Emergency...
