ECONOMY

Anxieties Rise as Dollar Sells for 455 NAIRA In black Market - The United States dollar sold for 455 NAIRA in the parallel market on Wednesday, showing a shallow and dry...

CBN set to disburse N15tr InfraCo fund to boost infrastructure development - THE Central Bank of Nigeria (CBN) is planning to establish $39 billion (N15 trillion) InfraCo fund, an independently managed...

CBN warns against receiving money transfers in foreign currency - The Central Bank of Nigeria (CBN) says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira....

CBN approves ₦50 Billion Credit to Nigerians Affected by Coronavirus - A N50bn Credit Facility has been unveiled by the Central Bank of Nigeria – a facility specifically to cater for...

BDC operators warn Forex Users not to buy from street Traders - The Association of Bureaux De Change Operators of Nigeria (ABCON) has asked foreign exchange buyers not to patronise street...

Coronavirus forces CBN to suspend forex sales to BDCs - The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators. This followed...

Naira to dollar may Fall To 400/$, Investors worry - Nigerian stocks sank to a more than four-year low on Wednesday while bond yield spreads widened as jittery investors fret over...

What CBN plans to do to avoid naira devaluation - Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up...

Era Of Borrowing From Banks, Not Repaying Gone —Emefiele: The era of entrepreneurs borrowing from banks and not paying back is gone, Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele...

FAAC allocation January 2020: FG, states, LGs share N647.35 billion - The Federal, States and Local Governments on Wednesday shared a total of N647.35 billion for the month of January as...