The Central Bank of Nigeria (CBN) has appealed to Nigerians to stop defacing the Naira, describing it as a national identity and symbol, which must be kept neat. Dr. Isaac Okoroafor, the CBN Director of…
The Central Bank of Nigeria (CBN) and Peoples Bank of China (PBoC) have agreed on a currency swap worth $2.5 billion to reduce their reliance on the U.S. dollar in bilateral trade. CBN Governor Godwin…
The federal government has welcomed exit of Nigeria from the recession, but with caution and optimism. It said it would continue to drive economic growth by vigorously implementing the Economic Recovery & Growth Plan (ERGP)…
LAGOS May 23 (Reuters) – Nigeria’s central bank plans to sell an undisclosed amount of dollars on Tuesday to settle a backlog of foreign exchange demand for airlines, fuel and raw material imports, traders said….
LAGOS, NIGERIA – A Federal High Court sitting in Lagos has ordered permanent forfeiture of the sum of N449, 597,000 found in April inside a Bureau DE Change in Victoria Island, Lagos. The Economic and…
LAGOS (Reuters) – Lafarge Africa plans to seek shareholders’ approval next month to raise 140 billion naira ($445.86 million) and also convert some loans into equity as part of the capital injection, the company said…
The National Bureau of Statistics on Thursday, said that inflation dropped by 0.52 percent in March, the second decline recorded on a year- to- year basis. In its latest Consumer Price Index for March released…
The naira yesterday depreciated further to N397 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected another N240 million dollars into the foreign exchange market. Of that amount, $90…
LAGOS (Reuters) – Nigeria plans to sell 234.89 billion naira ($765.99 million) of short-dated treasury bills at an auction on April 6, the central bank said on Wednesday. The bank said it plans to sell…
Naira yesterday started the week positively as it appreciated by about 4 percent at the street market. The local currency exchanged at 430 to a dollar in Abuja while it traded in Lagos at 435…