Nigerian Stock Market Declines in October Despite Capital Gains
In October, the Nigerian Exchange Limited (NGX) experienced a bearish trend, with the All-Share Index (ASI) declining by 0.92% to ...
Tag: CBN
Rising Poverty in Nigeria as Stagnant Incomes Pushes 14 Million More Nigerians into Hardship
A new World Bank report reveals a bleak economic reality for Nigeria, with 14 million more Nigerians pushed into poverty ...
Nigeria Launches Voluntary Currency Disclosure Scheme to Strengthen Financial Transparency
The Federal Government of Nigeria has introduced a nine-month Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, known as the ...
Nigerian Banks Face Legacy Challenges Amid Looming Recapitalization Deadline
Moody's Ratings has highlighted that Nigerian deposit money banks are grappling with significant legacy exposures stemming from the Central Bank ...
World Bank Advises CBN to Limit Forex Auctions, Deepen Market Transparency to Strengthen Naira
The Central Bank of Nigeria (CBN) has been urged by the World Bank to avoid frequent interventions in the foreign ...
IFC and CBN Partner to Fund Nigerian Businesses with over $1 billion
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced a new initiative to boost Nigeria’s ...
IFC and CBN Boost Nigeria’s Economy with $1bn Local Currency Investment Plan
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced a strategic agreement to expand local ...
CBN Clarifies Naira Notes Policy Amid Calls for Old Notes Phase-Out by December 31, 2024
The Central Bank of Nigeria (CBN) has denied reports suggesting it must phase out old N200, N500, and N1,000 notes ...
Nigeria Plans Diaspora Bond to Attract $1 Billion Monthly Remittances
Nigeria is set to introduce a diaspora bond in the United States as part of its ambitious strategy to boost ...
Obasanjo Highlights $45 Billion Reserve Boost Amid Concerns Over Nigeria’s Rising Debt
Former Nigerian President Olusegun Obasanjo has reflected on his tenure, revealing how he elevated the nation’s foreign reserves from a ...
