Cardoso, Edun, Others Appear Before Senate Committee The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has addressed Senator Adetokunbo Abiru, APC Lagos, East-led Senate Committee on Banking, Insurance, and other Financial Institutions. Edun, who led the economic team, the Governor of the...

Forex: Nigeria Lost $1.4 billion Over Restrictions According to the Central Bank of Nigeria (CBN), Nigeria has lost approximately $1.4 billion over the restriction of forex to 43 items by the Central Bank under the leadership of Godwin Emefiele. The Deputy Governor of the CBN in...

Cedrus Group: CBN Reforms Will Yield Results In Q2 On Thursday, the Chief Executive Officer of Cedrus Group Africa, Olubusayo Adeniyi, stated that the reforms and policies of the Central Bank of Nigeria (CBN) will start yielding results from the second quarter of 2024. Speaking at...

'CBN Still Short Of Forex To Clear Backlog'   Fitch, one of the leading global credit rating agencies, has said that the Central Bank of Nigeria (CBN) still lacks sufficient foreign exchange (forex) to clear the backlog of demand in the country. Director of Middle East and...

Nigeria’s Total FX Inflows Increase by 15.6%, Hit $1.43bn in November   The Central Bank of Nigeria’s (CBN) initiatives at increasing FX supply got a huge boost as data obtained from FMDQ at the weekend, revealed that total inflows into the Nigerian Autonomous Foreign Exchange Market...

Jigawa, Akwa-Ibom Lead as States Record $910m Forex Gain   No fewer than 13 state governments recorded significant Foreign exchange revaluation profits worth N71.59 billion in three months. This was disclosed through data obtained from the third quarter budget implementation report (July to September) on each state’s...