External Reserves Gained $2.4bn In Sept – CBN           The country’s external reserves rose by $2.4bn in September, figures obtained from the Central Bank of Nigeria revealed on Thursday. According to the CBN, the reserves which stood at $34.02bn as of the end of August rose to...

CBN Postphones eNaira Launch, Says No Cause For Alarm           The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the country’s digital currency, e-Naira. The Spokesman of the CBN, Mr Osita Nwanisobi, announced this in a statement on Thursday titled ‘CBN...

E-Naira: X-raying Nigeria's First Digital Currency by Mujidah Yahaya       As Nigeria celebrates another year of being independent and as with every celebration, new changes are expected and such an example of a change, which was revealed to Nigerians is the Central Bank Digital Currency (CBDC),...

Naira Remains Weak Across Exchange Market           The value of naira has continues to wobble across different markets even as analysts express worry that growing political activities will increase the pressure on the local currency. The troubled naira lost about 70 kobo to the dollar during yesterday’s...

DMO Raises N1.9trn From Bonds In Eight Months         As the debate over borrowings and Nigeria’s debt stock continues, analysts at FBNQuest Research, an arm of the First Bank Group, are presenting a line of argument indicating that the debt stock is still manageable at the...

eNaira: We Don't Plan To Steal Your Customers, CBN Tells Banks           The Central Bank of Nigeria (CBN) has told financial institutions in the country that eNaira is not a subtle scheme to take away bank customers. It said the plan is to grant access to more...