Guaranty Trust Holding Company Plc (GTCO) has announced a capital injection of N365.85 billion into its subsidiary company, Guaranty Trust Bank Limited (GTBank), as a measure to meet the Central…
Nigeria’s liquid foreign reserves have climbed to $40.320 billion; a figure last recorded in December 2021 when the country accumulated a reserve of $40,35 billion. Reserves once again hit the…
Artificial Intelligence (AI) has become a global topical issue considering its fast adoption by industry players across all sectors. While some celebrate it for the innovation it brings into production…
Nigeria’s foreign exchange reserves have experienced a significant decline in the first three weeks of January 2025, raising concerns among economic analysts. According to data released by the Central Bank…
The Central Bank of Nigeria (CBN) has announced the imminent launch of the Nigerian Foreign Exchange (FX) Code, a significant step towards enhancing the ethical conduct and transparency of the…
Nigerian telecom companies collectively owed banks a substantial N1.69 trillion as of September 2024, according to the latest Central Bank of Nigeria (CBN) report. The telecom debt is a decline…
The Central Bank of Nigeria (CBN) has taken a decisive step to enhance foreign exchange (FX) regulations by suspending the approval of extensions for the repatriation of export proceeds. This…
Nigeria’s external debt servicing costs surged by 38 percent in the first nine months of 2024, reaching a staggering $3.53 billion, according to data released by the Central Bank of…
The Central Bank of Nigeria (CBN) has announced a substantial increase in the country’s non-oil export earnings, signaling a positive trend in Nigeria’s economic diversification efforts. According to the CBN’s…
The Central Bank of Nigeria (CBN) has taken a significant step to streamline and regulate the interbank foreign exchange (FX) market by introducing new guidelines for its Electronic Foreign Exchange…