Naira Appreciates to N1,120 per Dollar at Parallel Market
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market.
The current FX rate signifies a decrease of 9.67 percent from the N1,240/$ reported on April 3.
Bureau de...
CBN Disallows Foreign Currency as Collateral for Naira Loans
The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans.
Adetona Adedeji, acting director of the banking supervision department at CBN, disclosed this in a statement...
First Bank to Seek Shareholders’ Approval for N300bn Capital Raise
First Bank Holding Plc, one of the nation’s premier commercial banks, will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday,...
CBN Set to Sell $10,000 to BDCs at N1,101 per Dollar
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators.
It disclosed this in a circular uploaded to its website on Monday.
The apex bank said it is set...
Naira Exchanges for 1245 Against Dollar in Official Window
The naira has reached its highest level against the dollar since January 2023, trading at N1,245 to the dollar at the official window.
This represents the fourth straight week of gains for the local currency, which has...
Petrol: Oil Marketers Propose N550/litre Price to Dangote
AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to...
