Commercial banks’ market capitalisation has depreciated by N1.74 trillion since the Central Bank of Nigeria (CBN) directed financial institutions to conduct a recapitalisation exercise. On March 29, CBN announced an
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The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,147.02 per dollar. This represents a 7.3 percent decrease compared to N1,238.1/$ displayed on
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1. CBN, in a post on X on
The Central Bank of Nigeria (CBN) has announced a downward review of the loan-to-deposit ratio (LDR). CBN reduced the LDR from 65 to 50 percent to align with the ongoing
Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. According to
The naira rose further on Monday in the parallel section of the foreign exchange (FX) market. At the Lagos street
United Bank for Africa (UBA) says it will seek shareholders’ approval at the company’s 62nd annual general meeting (AGM) to
Here are the seven top business stories to track this week — April 15 to April 19. EMIRATES TO RESUME
Zenith Bank has announced plans to raise an undisclosed amount in the international and Nigerian capital markets. According to the
Guaranty Trust Holding Company (GTCO) Plc plans to raise $750,000,000 by way of public offerings and private placements. According to
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