Hope Ashike

The new policy on remittances flow by the Central Bank of Nigeria (CBN), which offers to reward recipients of diaspora remittances is expected to reduce costs and check roundtripping,…

The pressured foreign exchange market ended the trading week with Nigeria’s currency gaining 0.41 percent week-on-week to close at N480 per dollar from last week’s close of N482, which was…

The Central Bank of Nigeria (CBN) on Friday assured support to multilaterals willing to invest in Nigeria. This comes as Procter & Gamble, an American multinational consumer goods…

Nigeria’s currency on Thursday gained 1.09 percent against the dollar following improved liquidity at the Investors and Exporters (I&E) forex window. At the close of trading on…

The Central Bank of Nigeria’s (CBN) extension of the interest rate it reduced during the pandemic (officially known as discounted interest rate) by another 12 months is seen as a big boost…

The Central Bank of Nigeria (CBN) on Wednesday extended the discounted interest rate for its intervention facilities by another 12 months to February 28, 2022. In a circular to all banks…

The Central Bank of Nigeria (CBN) on Wednesday denied the report that it plans to stop phase out sales of bills known as Open Market Operation (OMO), to foreign Investors. Osita…

Covid-19 pandemic could push 59 million people to extreme poverty, which would bring the total number of extremely poor Africans to 514 million, according to Economic Commission for Africa…

Nigeria's currency on Wednesday signalled further depreciation at the Investors and Exporters (I&E) forex window after weakening to a three-month low on Tuesday due to dollar scarcity.…

Nigeria’s currency on Tuesday weakened to its lowest level in three months, as shortage of dollars persist in the foreign exchange market. After trading on Tuesday, naira lost 0.59…