CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM). On December 20 2024 CBN granted BDC...

Equity Market Gains N1.95trn in January Despite the domestic economic uncertainties, the nation’s equities market started 2025 on a bullish note, gaining N1.95 trillion at the end of January this year. The market capitalisation, which closed the year on December 31, 2024 at N62.763 trillion, appreciated...

Nigeria Set to Boost Non-Oil Exports in 2025 With earnings of over $5.456 billion in the non-oil sector in 2024, the Federal Government is intensifying efforts to improve the country’s exports in 2025. According to the outlook of the Ministry of Industry, Trade and Investment (FMITI),...

How CBN's Youth-friendly Policies will Drive Economic Growth - Cardoso   The Central Bank of Nigeria (CBN) has pledged to develop different youth-friendly credit policies and capacity-building programs to encourage innovation and foster economic growth. At the Youth Action Event in Abuja on Friday, the CBN Governor,...

CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...

The promise sounded by the CBN Governor Yemi Cardoso, acknowledges the crucial role young people play in shaping economic policies.