AGF Denies Seizure of Nigeria’s $21m By US Court The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has denied claims that a United States District Court authorised Louis E. Williams to seize $21m from Nigeria’s account with JP Morgan. The Ministry...

Naira will Trade N850 to a Dollar at I&E Window by December - JP Morgan A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before the end of 2023. However,...

CBN Questions JP Morgan's $3.7bn Estimate of Net Reserves, Faults Claim The Central Bank of Nigeria has faulted the recent $3.7bn estimate of the bank’s financial accounts by JP Morgan, saying it was “out of context”, and assured that there was no cause for panic. CBN...

Nigeria’s Net Foreign Reserves Drop to $3.7bn in 2022 – JP Morgan An American multinational financial services firm, JP Morgan, has estimated that Nigeria’s net foreign exchange (FX) reserves drop to $3.7 billion as of the end 2022. This is contained in the firm’s latest report...

SEC Assures Foreign Investors of Market Safety The Securities and Exchange Commission (SEC) Nigeria, has assured foreign investors of the safety of their investments in the Nigerian capital Market. Disclosing this when representatives of JP Morgan and Stanbic IBTC visited the Commission in Abuja weekend, Ag....

BDC Operators Hail Moves To Return Nigeria To JP Morgan Index The Association of Bureaux De Change Operators of Nigeria (ABCON) has said the federal government’s plan to open talks with JPMorgan Chase & Co. for their reinstatement in the local-currency emerging-market bond index will...