CBN Unveils New FX Guidelines, Approves Cash Movement Of $50,000
The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000,...
Stewardship, Not Seizure: What The Union Bank Case Is Really About
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions...
Banking, Industrial Stocks Attract Investors As Market Rally Continues
The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week, W-o-W, driven largely by renewed...
Dollar To Naira Exchange Rate Today, May 6, 2026
The Nigerian Naira recorded slight gains against the United States Dollar on Wednesday, May 6, 2026, across both the official Nigerian Foreign Exchange Market...
Pound To Naira Exchange Rate Today, May 6, 2026
The Nigerian Naira traded slightly firmer against the British Pound Sterling on Wednesday, May 6, 2026, across both the official Nigerian Foreign Exchange Market...
Tinubu Hails Cardoso’s Reforms, Banking Recapitalisation
•Union Bank, Polaris, Keystone Banks on course President Bola Ahmed Tinubu has praised Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN),...
Tinubu Unveils N25trn Pension War Chest
President Bola Tinubu yesterday unveiled a N25 trillion pension asset pool as part of a sweeping social protection drive, assuring that Nigerian workers would no...
Foreign Inflows Jump 78% On NGX Amid Rising Outflows
The Nigerian Exchange Limited (NGX) recorded a significant shift in foreign investment activity in the first quarter of 2026, Q1’26, as foreign inflows surged...
Naira Appreciates To N1,387/$ In Parallel Market
The Naira yesterday appreciated to N1,387 per dollar in the parallel market from N1,389 per dollar last week Friday. But the naira depreciated to N1,349.7...
Recapitalisation: 12 Insurance Firms In Tight Corner
•Regulator insists on the deadline •Some insurers consider scaling down As the July 31 deadline given to insurance companies to meet the recapitalisation requirement draws near, indications...
