The Extreme and Continuous Monetary Tightening By The CBN, Are We On The Right Track? by Segun Sanni The Buhari government did great damage to Nigeria’s economy for the excessive money it created and threw carelessly into the economy. We’re facing the extremely negative impact...

Naira Devaluation: MTN, Airtel Lost N1.29 trillion in 2023 The devaluation of the naira last year took a big bite out of the revenues of two of the country’s biggest telecommunications companies. Airtel and MTN Nigeria lost N1.29 trillion to the devaluation. MTN posted a loss...

Naira Devaluation: MTN, Airtel Lost N1.29 trillion in 2023 The devaluation of the naira last year took a big bite out of the revenues of two of the country’s biggest telecommunications companies. Airtel and MTN Nigeria lost N1.29 trillion to the devaluation. MTN posted a loss...

Oversubscription of Open Market Bills Show of Confidence in Economy – CBN The Central Bank of Nigeria (CBN) said it successfully concluded a sale of government securities, issuing N1.053 trillion (about $680 million) in short-term instruments as part of its liquidity management exercise. The apex bank...

BDC: Facts on CBN Guidelines on Bureau De Change   CBN Releases Reversed Regulatory And Supervisory Guidelines For Bureau De Change Operations In Nigeria, Here Are Key Points : 1● Non-Eligible Promoters: Certain entities like banks, government agencies, NGOs etc are not allowed to have ownership stake...

CBN Revokes Operational Licenses of 4,173 BDCs   The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change operators. This, the apex bank said, is in exercise of the powers conferred on it under the Bank and other Financial Institutions Act (BoFIA)...