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Jonathan NwokporInternational money transfer operators, IMTOs, will now allow international transfers using naira as the currency. This complies with the latest guidelines issued by the Central Bank of Nigeria (CBN). Numerous
Read MoreJonathan NwokporAt the end of business on Friday, the Naira saw a minor increase in value relative to the US dollar and other currencies on the foreign exchange market. The Naira
Read MoreJonathan NwokporThe exchange rate between the naira and the dollar will remain stable, according to the Central Bank of Nigeria, CBN. This was said by CBN Governor Olayemi Cardoso on Friday in
Read MoreJonathan NwokporNigerians have been reassured by the Nigerian National Petroleum Company Limited (NNPCL) that the price of Premium Motor Spirit (PMS), also referred to as petrol, will not rise anytime soon.
Read MoreJonathan NwokporAmid economic difficulties, the World Bank claimed that it has committed more than $15 billion to fund 30 development initiatives throughout Nigeria. This was revealed in a statement released by
Read MoreJonathan NwokporIn 2023, Nigeria’s cashless transactions reached N611.06 trillion. On Wednesday, the Nigeria Inter-Bank Settlement System made this revelation. According to NIBSS, cashless payments increased by 54.55 per cent annually by
Read MoreJonathan NwokporThe federal government of Nigeria has declared that, as of February 1, 2024, alcohol produced in sachets less than 200 milliliters will be banned. This was revealed in a recent
Read MoreJonathan NwokporAgainst the US dollar, the Naira saw a notable increase in the Foreign Market due to the Central Bank of Nigeria’s extensive policy changes. The Naira strengthened against the dollar
Read MoreJonathan NwokporUS dollar supply at the official foreign exchange market jumped last Friday, reaching 180.59 percent to $440.13 million as commercial banks scrambled to evade regulatory sanctions from the Central Bank
Read MoreJonathan NwokporThe proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank of Nigeria or CBN. The CBN reacted in response to
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