Forex

Manufacturers to get 60% forex from authorised dealers

The Central Bank of Nigeria (CBN) has directed authorised foreign exchange dealers to allocate at…

CBN directs banks to sell forex to BDCs

The Central Bank of Nigeria (CBN) has directed agent banks to approved international money transfer…

Nigeria must devalue Naira to N265, says S&P

Ratings agency Standard & Poor's reiterated on Thursday that Nigeria will have to devalue its…

Rice import gulps $2.1billion in 3 years, says CBN governor

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Tuesday said the…

Naira falls despite CBN intervention

Nigeria's naira fell 1.

Fitch Ratings: State of Nigerian banks after Naira devaluation

Here is the press statement issued by global rating agency, Fitch Ratings, on the possible…

Lloyds bank fined £218m over Libor rigging

Britain's Lloyds Banking Group is to pay £218 million ($370 million, 276 million euros) in…

European equities edge ahead in cautious deals

European stock markets broadly crept ahead on Wednesday but lost some ground in afternoon trading…

Asia shares climb, after upbeat China PMI reading, Tokyo stocks up 0.36%

Asian shares rallied Monday morning after preliminary data suggested Chinese manufacturing activity expanded in June…