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Naira gains as FX market resumes trading Tuesday

Naira on Tuesday gained 0.79 percent (N8) over the dollar as the…

1 Min Read

Explainer: What is a letter of credit?

BusinessDay recently reported that several Nigerian businesses relying on imports have been…

4 Min Read

Banks borrowing from CBN drops by 82.15% on increased liquidity

Deposit Money Banks (DMBs) borrowing from the Central Bank of Nigeria (CBN),…

5 Min Read

How UBA surpasses other banks in profit growth

The record profit declared by the United Bank for Africa (UBA), one…

11 Min Read

From N0.62/$, naira falls eightfold in 50 years

In 1973, when the naira was introduced as a legal tender to…

6 Min Read

Naira’s race to bottom erases cheer on independence day

Going as far back as the initial years after Nigeria gained independence,…

CBN assigns roles to deputy governors

On Friday, the Central Bank of Nigeria (CBN) assigned responsibility to the…

1 Min Read

FX inflow through autonomous market up by 91.21% on CBN policy

Net foreign exchange (FX) inflow through the autonomous market increased significantly by…

5 Min Read
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