Net Open Position News Today

The Central Bank of Nigeria has mandated all existing Bureau De Change Operators to re-apply for new licenses in their preferred category.

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The EFCC has pencilled for investigation, 1,146 bank accounts belonging to individuals and companies over alleged money laundering

To strengthen the flagging economy, the Central Bank of Nigeria has tightened monetary policy, which is restricting lenders (commercial banks) from extending loans.

President Tinubu and Governor Cardoso should double down on their policies both on the fiscal and the monetary sides.

The appreciation of the naira on the streets is being driven by the policies of the Central Bank of Nigeria(CBN) which includes disbursing dollars to Bureau

The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the naira aligns with President Bola Tinubu’s “multi-faceted approach

As a result, the government and Organised Labour have been at odds for months over what the latter group claimed to be the government's inability to ease the suffering of the populace. Labour further contended that, given the skyrocketing cost of living, the N30,000 minimum salary was no longer sustainable.

Nigerians who are still holding tight to stash of dollars for speculative purposes have been advised to cut their losses now and convert their currency to

According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market closing below the N1,300 ceiling marks the first instance since January 26 of this year.