
Zainab Iwayemi
2510 articles published since 07 Jul 2023
2510 articles published since 07 Jul 2023
The naira remains stable at N1,548.52 following the CBN’s $86.6m intervention, with the gap between official and parallel market rates continuing to widen.
Nigeria introduces GDNs backed by sovereign debt in naira, providing investors easier access to its high-yield debt market through international clearing systems.
CBN implemented temporary restrictions on bank dividends and capital distributions as part of its ongoing recapitalisation efforts to strengthen the banking sector.
Nigeria’s national framework aims to rebuild public trust, reduce fraud, and enhance financial inclusion by improving complaint handling and transparency in banks.
OPEC’s latest report reveals a 6.8% drop in oil prices for April, steady global economic growth, and resilient Nigerian oil production despite tariff challenges.
The Central Bank of Nigeria (CBN) has introduced a draft Baseline Standard to automate anti-money laundering and counter-terrorism financing processes.
Banks and merchant banks have refrained from lending to the real sector due to the increasing threat to Nigeria's economic climate posed by supply chain problem.
According to Dr. Dele Alake, Nigeria's Minister of Solid Minerals Development, U.S. tariffs may benefit African economies by encouraging intra-African trade.
The CBN governor said the central bank remains dedicated to maintaining discipline in the country's fx market by identifying and eliminating dishonest participant
Zainab Iwayemi
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