The Joint House of Representatives Committee on Public Accounts and Public Assets have invited the Minister of Finance, Wale Edun, and the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to appear before it on Monday over allegations of non-compliance with the provisions of the Fiscal Responsibility Act, 2007. Edun and Cardoso are also expected to answer questions on the …

The Securities and Exchange Commission (SEC) says the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., remains banned in Nigeria. SEC, in a public notice issued on Wednesday, said that CBEX, also known as Smart Treasure/Super Technology, had not been registered by the commission. The commission, however, advised the public to refrain from patronising …

The Naira, on Tuesday, appreciated to N1,600 per United States dollar in the parallel market from N1,605 last week. Likewise, the Naira appreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). The Naira has maintained its appreciation trend since 29 May, gaining N47 against the dollar till date in the official market. Data published by the Central …

The naira yesterday appreciated to N1,615 per dollar in the parallel market from N1,620 per dollar on Tuesday. Likewise, the Naira appreciated to N1,564 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 fell to N1,564 per dollar from N1,579 per dollar on …

The naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,610 per dollar on Monday. But the Naira appreciated to N1,579 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 fell to N1,579 per dollar from N1,580 per dollar on …

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 …