The Central Bank of Nigeria (CBN) does not currently have enough foreign exchange (forex) to meet the backlog of demand in the nation, according to Fitch,...
In an effort to encourage the growth of sustainable foreign direct investments (FDIs), Nigerdock, the promoter of the Snake Island Integrated Free Zone (SIIFZ), has partnered...
The Central Bank of Nigeria has stated that it is increasing dollar availability in the foreign currency market, while also lifting a prohibition on 43 commodities...
The Central Bank of Nigeria, Sebastian BDC, and Keystone Bank are working together with Nairagram, an authorized international money transfer operator, to address the country’s foreign...
Nigeria increased its capital imports in the first half of 2023 by borrowing $1.21 billion from abroad. This is because, according to a report from the...
Weeks after President Bola Tinubu eliminated the fuel subsidy, some state chapters of the Nigeria Labour Congress have started talks with their respective state governments about...
There are signs that as borrowings from the apex bank increase, Nigerian banks are becoming more and more dependent on the Central Bank of Nigeria (CBN)...
In the first two months of 2023 (2m’23), net foreign currency inflows increased year over year (YoY) by 22% to $5.15 billion from $4.22 billion in...
As the government tightens the noose on some imports into the nation, the value of manufactured products brought into the country decreased to N2.448 trillion in...
The licenses of 132 Microfinance Banks, three Finance Companies, and four Primary Mortgage Banks nationwide have been revoked, according to the Central Bank of Nigeria (CBN)....
