The naira yesterday appreciated to N1, 610 per dollar in the parallel market from N1,620 per dollar on Tuesday. But, the Naira depreciated to N1,592 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira rose to N1,592 per dollar from N1,590 per dollar …

The naira yesterday appreciated to N1,620 per dollar in the parallel market from N1,625 per dollar on Monday. But the Naira depreciated to N1,598.69 per dollar in the Nigerian Foreign Exchange Market (NFEM), Data published by FMDQ showed that the exchange rate for the naira rose slightly to N1,598.69 per dollar from N1,597 per dollar on Monday, indicating N1.69 depreciation …

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 27.50 per cent, marking its second consecutive hold in 2025. This decision was announced by the CBN Governor, Olayemi Cardoso, during a press briefing on Tuesday in Abuja, following the conclusion of the MPC’s 300th meeting. This second pause in rates …

The Federation Account Allocation Committee (FAAC), yesterday disbursed the sum of N1.681 trillion to the three tiers of government as Federation Allocation for the month of April 2025 from a gross revenue of N2.848 trillion posted. The shared amount translates to a N103 billion increase over N1.578 trillion disbursed in the preceding month of March. The rise was also attributed …

The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. The Naira appreciated to N1,596 per dollar in the Nigerian Foreign Exchange Market (NFEM), Data published by the Central …

Close digital skills gap in accounting, Keystone Bank chair The chairman of the Keystone Bank, Ada Chukwudozie, has called on the Institute of Chartered Accountants of Nigeria (ICAN) to close the digital skills gaps in the accounting profession. Chukwudozie made this call on Wednesday during her keynote address at the 75th Induction ceremony of the new members of the institute …

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform on Tuesday in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a Bank Verification Number (BVN) remotely without needing a physical presence in Nigeria. The CBN governor, …

Some bank users in Abuja have declared they will opt for electronic mail alerts from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of Nigeria (NAN) on Sunday said they would deactivate the Short Message Services transaction alert linked to their accounts. A customer of GTCO, Mrs Dorathy …

The Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun, has charged top management staff of the Federal Ministry of Finance to drive reforms that will accelerate Nigeria’s GDP growth to seven per cent per annum in line with the Renewed Hope Agenda of the Tinubu administration. This was disclosed in a statement on Friday by the …

The naira yesterday depreciated to N1, 610 per dollar in the parallel market from N1,605 per dollar on Tuesday. Similarly, the Naira depreciated to N1,612 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the naira rose to N1,612 per dollar from N1,609 per dollar …