CBN Will Spend $8bn Defending Naira This Year - Rewane   The Managing Director of Financial Derivatives Company Ltd and economist, Bismarck Rewane, yesterday, painted a mixed picture of the economy, projecting the Central Bank of Nigeria (CBN) will spend between $8 and $10 billion to...

'Naira’s Depreciation To Persist'       The naira depreciated across the official and parallel markets with many pundits yesterday projecting further depreciation of the nation’s currency. The naira depreciated to as low as N545 per dollar at the weekend but there were projections of further depreciation to some...

CBN Digital Currency’ll Deepen Financial Inclusion, Says Rewane       Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned introduction of a digital currency will deepen financial inclusion in the country. They said most central banks had indicated keen interests in...

E-payment Transactions Rose By N80bn To N21trn In June       Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021 against the N21.19 trillion recorded in April 2021. CEO of Financial Derivatives Company, Bismarck Rewane, said this in a report titled:...

Naira Crashes To N493/$ At Parallel Market     This is not the best of times for the naira. It crashed yesterday to N493/$ at the parallel market, losing N12 to the dollar within 24 hours. It closed on Tuesday at N481/$. The sharp depreciation came a day...

Credit To Private Sector Rises To N31.822trn       Banking sector credit to the private sector increased year-on-year by N382 billion to N31.823 trillion as of April, up from the N31.440 trillion it was as at the end of March. The data were compiled from the latest Central...