This surge, analysts say, is a direct result of sweeping reforms introduced by the Central Bank of Nigeria (CBN) under Governor Olayemi Cardoso, who assumed office in September 2023.
MAN Seeks CBN Intervention as Forex Dispute Worsens
The Manufacturers Association of Nigeria (MAN) has decried what it described as “unwholesome treatment” of its members by some commercial banks over unmet foreign exchange forward obligations, calling on the Central Bank of Nigeria to intervene as...
CBN Recieves N1.17trn in Bids for Treasury Bills Auction
The Central Bank of Nigeria (CBN)'s latest Treasury Bills auction held on May 21, 2025, drew total bids worth N1.17tn, highlighting the continued strength of investor appetite for government securities amid high inflation and a...
Otedola Hails FG, CBN Reforms As Investment In First HoldCo Hits ₦320b
Chairman of First Holdco Plc Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key drivers behind his ₦320 billion personal investment in First Bank.
Otedola made the...
Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key drivers behind his ₦320 billion personal investment in First Bank.
Naira Gains Against Dollar in Official, Black Markets
The naira appreciated by ₦3.32 against the US dollar in the parallel market on Thursday.
A source at the Abuja black market told Economic Confidential that as of May 22, the naira traded at ₦1,610/$1 for buying and...
