The increase was due to payments to China’s Exim Bank, which rose to $182.04 million in Q3. Other creditors include the Exim ...

The Central Bank of Nigeria (CBN) has called for immediate action to curb the practice due to the growing trend of illicit ...

Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, and Nigeria’s National Security Adviser, Nuhu Ribadu, have ...

The amount dropped by $435.51m from $1.31bn total letter of credit payments made via official channels in 2023 to $873.1m in ...

This was according to a report by KPMG and blockchain analytics firm Chainalysis, which highlighted the growing role of ...

This surge represents a sharp contrast to Thursday’s close of N1,547.82 per Dollar, signaling renewed optimism among traders ...

CBN, in a strategic move to strengthen its operations and regulatory oversight, recently appointed 16 new directors to fill diverse ...

By Okanga Agila In the not-so-distant past, Nigeria’s economy was a fragile patient, clinging to life support. The symptoms ...

Atiku Bagudu, minister of budget and economic planning, says the Central Bank of Nigeria (CBN) will not exceed the 5 percent ...

The Central Bank of Nigeria, CBN, disclosed this today in its Purchasing Managers Index , PMI, Report for February 2025.

Olayemi Cardoso, the CBN governor, said the apex bank is now more than ever, consolidating market gains and ensuring sustained ...

The report said the path to a more capital-rich and more diverse Nigerian economy can only be built on a competitive naira.