Nigeria
Nigeria: CBN Ramps Up FX Sales to Defend Naira Amid Market Pressures
The Central Bank of Nigeria (CBN) intensified its efforts to stabilize the naira by conducting aggressive forex interventions over four consecutive trading days. ...
Nigeria
Nigeria: CBN Approves Weekly $25,000 FX Purchases for BDCs to Address Yuletide Demand
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary access to purchase up to $25,000 in foreign exchange ...
Nigeria
Nigeria: CBN Temporarily Opens FX Window for BDC Operators at NFEM Rate
The Central Bank of Nigeria (CBN) has introduced a temporary window allowing Bureau de Change (BDC) operators to access US dollars at the ...
Nigeria
Nigeria: CBN Imposes Daily Cash Transaction Limit of N100,000 for POS Agents
The Central Bank of Nigeria (CBN) has introduced a daily cash transaction limit of N100,000 per customer for Point-of-Sale (POS) agents as part ...
Nigeria
Nigeria: Nigerian Capital Market Positioned to Propel $1 Trillion Economy – SEC
The Nigerian capital market is strategically positioned to support the Federal Government’s ambitious agenda of transforming the national economy into a $1 trillion ...
Nigeria
Nigeria: Nigerian Capital Market Positioned to Propel $1 Trillion Economy – SEC
The Nigerian capital market is strategically positioned to support the Federal Government’s ambitious agenda of transforming the national economy into a $1 trillion ...
Nigeria
Nigeria: Jaiz Bank Meets CBN’s Revised Capital Requirement, Strengthens Leadership in Ethical Banking
Jaiz Bank Plc, Nigeria’s leading non-interest financial institution, has successfully met the new minimum capital requirements set by the Central Bank of Nigeria ...
Nigeria
Nigeria: SEC Enhances Oversight to Safeguard Investors Amid Nigeria’s Fintech Transformation
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds as financial technology (fintech) continues to reshape Nigeria’s investment ...
Nigeria
Nigeria: SEC DG Highlights Barriers and Strategies for Capital Market Growth
The Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory challenges, and macroeconomic instability as critical barriers to the capital market’s ...
News
Nigeria: Naira Declines Sharply as CBN Intervenes in FX Market
The Nigerian naira continued its slide against the U.S. dollar last week, despite three separate intervention sales by the Central Bank of Nigeria ...