Binance Stops Naira Services, Urges Nigerian Users To Withdraw NGN Assets
Crypto trading platform, Binance, has announced plans to end its financial services in naira as it prepares to exit the Nigerian market.
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New Expatriate Levy May Drive Away Foreign Investors – LCCI
LCCI has warned that if the new Expatriate Employment Levy (EEL) policy launched by the federal government is not reviewed, it might affect foreign direct investment in Nigeria.
Why CBN’s 22.75% MPR Hike Can’t Tame Inflation – CCPE
The Centre for Promotion of Private Enterprise (CPPE) has advanced reason the latest hike in MPR by CBN won't help in bringing down inflation
How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts
Economic experts have raised concerns about the implications of the decision of the Central Bank of Nigeria (CBN) to further tighten monetary policy on businesses in the country.
Economic Crisis: CBN’s 22.75% Benchmark Interest Rate Good For Tackling Inflation – Moghalu
Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has applauded the CBN for increasing the Monetary Policy Rate (MPR) by 400 basis points to 22.75 per cent from 18.75 per cent. CBN Governor, Olayemi Cardoso, who made
CBN Raises Benchmark Interest Rate To 22.75%
he Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75 per cent. This was announced by the CBN governor, Yemi Cardoso
Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs
Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in recent times, the Central Bank of Nigeria (CBN) has directed NCS and other related parties to adopt the closing official rate of
Cement Manufacturers Agree To Slash Prices To ₦7,000, ₦8,000 Per Bag
Nigerian Cement Manufacturers have agreed to slash the price to between ₦7,000 and ₦8,000 depending on the location in the country.Nigerian Cement Manufacturers have agreed to slash the price to between ₦7,000 and ₦8,000 depending on the location in the country.
Market Cap Suffers N849bn Loss As Key Players Dip
The Nigerian Exchange witnessed a downturn on Tuesday, with losses recorded across major players including BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC, and The Initiates. The market saw a decline of N849 billion in market capitalization, marking a pivotal
Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions
The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge in FX transactions marks an increase from the previously recorded
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