CBN Gives Successor Bank Chiefs Six-Month Deadline The Central Bank of Nigeria has issued a fresh directive compelling all Domestic Systemically Important Banks to obtain regulatory approval for the appointment of successor managing directors at least six months before the exit of incumbent chief executives. In...

Naira Gains in Black, Steady in Official Market on Sept 15 The naira rebounded with ₦10.33 gain against the US dollar on Monday, September 15, appreciating in the parallel market while maintaining stability at the Nigerian Foreign Exchange Market (NAFEM) Currency dealers in Abuja told Economic...

Book Review: Renewed Hope in Central Banking – A Blueprint for Nigeria’s Economic Future By Khadijah Lawan Muhammad Reading "Renewed Hope in Central Banking" by Rahma Olamide Oladosu is both refreshing and enlightening. At 133 pages, the book compiles 26 essays originally published in Economic Confidential...

The Court of Appeal in Abuja has dismissed an appeal by the Central Bank of Nigeria (CBN) and affirmed a judgment compelling the apex bank to release details of its controversial settlement with MTN Nigeria over allegations of illegal funds repatriation.

Naira Weakens Across Markets on Sept 12 The naira fell further against the US dollar on Friday, September 12, losing ground in both the parallel and official markets. In Abuja’s black market, dealers quoted the naira at ₦1,533/$1 for buying and ₦1,545/$1 for selling, weaker than...

Naira Weakens in Black Market, Gains at Official Window on Sept 10 The naira recorded mixed performance against the US dollar on Wednesday, September 10, depreciating in the parallel market while appreciating at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential...