ECONOMY

CBN reviews domiciliary account operating rule - The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows) from International Money Transfer Operators (IMTOs). The...

Nigerian equities net N2.35tr gain in November - Investors in Nigerian equities recorded their biggest gain in recent months in November as sustained bargain-hunting saw the market closing with a net...

Nigeria spends over N370b on palm oil importation - Despite the restriction placed by the Federal Government on palm oil importation, the inflow of the edible product has soared by 24.5...

CBN under pressure to unify exchange rate for naira - THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate...

CBN projects Nigeria's exit from recession in Q1 2021 - Central Bank of Nigeria Governor Godwin Emefiele is optimistic that Nigeria will emerge from recession by next March. He also...

CBN devalues naira by N6 in move to unify exchange rates - The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has...

Export proceeds, remittances diverted to parallel markets weakening naira - The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market are responsible for the ongoing...

NSE Collects 1,809kg Recyclables to Promote Circular Economy - Though the circular economy is not too popular in Nigeria, efforts are being made by organisations to deepen it in the country...

Forex demand, rising inflation push naira to N478/$1 at parallel market - The naira on Thursday depreciated to N478 to dollar at the parallel market as importers and manufacturers push unmet...

WARNING: No Charges to Process NISRAL Microfinance Loan Requests - The Central Bank of Nigeria (CBN) has denied reports that it was charging fees to process loan requests from Nigerians...