Fixed Income, Currency Markets Decline To N164.32trn In Q3       Turnover in the Nigerian fixed income and currency (FIC) markets dropped by 26.76 per cent to N14.07 trillion in September 2020, according to latest trading figures released at the weekend. Turnover at the FIC markets for...

Naira Steady Despite #EndSARS Protests         The naira last week traded at the parallel market for N463 against the dollar, a slightly weaker ratio from the N462 exchange rate the previous week. Naira’s exchange rate remains at N379 to the dollar at the official market. The local currency...

CBN Resolves 1,519 Complaints, Refunds N2.7bn In 6 Months         The Central Bank of Nigeria (CBN) resolved 1,519 banks’ transaction complaints and refunded N2.7 billion to the customers from January to June this year. Mr Haruna Mustafa of the Consumer Protection Department of CBN revealed this at...

NDIC Hosts International Virtual Conference The Nigeria Deposit Insurance Corporation (NDIC) has taken the front seat in the international finance community to drive public discourse on the impact, risks, challenges and opportunities of Financial Technology (FINTECH) by organising a two-day Virtual International Conference with the...

External Reserves Drop By $35.67bn         Nigeria’s external reserves, last week, fell for the fourth consecutive week to $35.67 billion even as the naira depreciated to N462 per dollar in the parallel market. Data from the Central Bank of Nigeria (CBN) shows that the reserves fell to...

CBN Website is Secure-Spokesman The management of Central Bank of Nigeria(CBN) has said that its website which was reportedly hacked is secure and no cause for alarm. In a statement by the Acting Director of Corporate Communications, Mr Osita Nwanisobi, the apex bank said contrary to...