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Eko Hot Blog reports that the Managing Director of Financial Derivatives Company Limited, Bismark Rewane, has predicted that the pump price of diesel would drop significantly...
Nigerian Naira depreciates against US dollar, reaching N1,309.39 per dollar. Despite depreciation, trading volume surges to $857.78 million, doubling from previous day. Investor’s and Exporters’ window...
CBN introduces new capital requirements for Nigerian banks to bolster sector resilience. Commercial banks with international authorization must now have N500 billion capital. Non-interest banks need...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate, which benchmarks interest rates, from 22.75 percent to 24.75...
CBN approves sale of $10,000 to each BDC at N1,251/$1 rate. Circular directs BDCs to sell to eligible users with a spread of not more than...
Eko Hot Blog reports that the Naira on Wednesday showed a remarkable rebound against the US dollar in both the official and parallel markets. The local...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has announced that the 294th meeting of the Monetary Policy Committee (MPC) will be held...
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has recently sold a record N1.3 trillion in Treasury Bills, with a specific focus on attracting...
Eko Hot Blog reports that Laolu Akande, a former aide to ex-Vice President Yemi Osinbajo, emphasized the need to hold accountable those responsible for printing money...