Nigeria’s Surging Diaspora Remittances By Abdulrahman Abdulraheem As a so-called third world country with millions of its nationals in different parts of the world working to earn a decent living, Nigeria is one of those nations whose mass population relies heavily on ‘manna’ from abroad to...

CBN Projects 30points Business Improvement in Six Months  Business owners are optimistic that the conditions for doing business in Nigeria will improve in August 2024, and the following six months, the Central Bank of Nigeria has stated. According to the Business Expectations report released by the...

Forex Policy: CBN Strengthens Naira with $876m Auction The Central Bank of Nigeria has auctioned $876.26m to end users whose bids were submitted by 26 commercial banks to strengthen the ailing naira. The policy impacted the foreign exchange market on Wednesday as the naira appreciated against...

CBN and the Road to One Trillion Dollars By Abdulrahman Abdulraheem When President Bola Tinubu nominated Olayemi Cardoso as the governor of the Central Bank of Nigeria (CBN) on September 15, 2023, those knowledgeable about the rot in the system and his pedigree were excited about...

Recapitalisation of Banks Now Driving in Foreign Investors - Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday disclosed that foreign investors are already moving funds into the country to invest in Nigerian banks under the ongoing recapitalisation exercise. Cardoso...

CBN Sells $148m to Authorised Dealers to Strengthen FX Market The Central Bank of Nigeria (CBN) on Friday disclosed it sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market (NFEM). According to Mrs Hakama Sidi-Ali, acting Director, Corporate...