FX License Suspension: GT Bank promises to strengthen…
Guaranty Trust Bank (GTBank) has promised to further strengthen its AML/CFT policies following the suspension of…
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FX
Naira loses 69% of its value against dollar since FX reforms
The naira has depreciated against the US dollar by 69.47 percent under the current administration led by President…
Cedi strengthens against major currencies on FX liquidity…
In a recent update, GCB Capital Research sheds light on the resilient performance of the Cedi against major…
BoG’s new CRR directive injects $750m vital FX liquidity…
According to insights from GCB Capital Research, the BoG’s new Cash Reserve Ratio (CRR) directive effective…
Banks withdraw FX support to importers of rice, chicken,…
Reports indicate that banks in the country have withdrawn foreign exchange (particularly dollars) support to…
Nigeria’s used car import drops as dealers fault naira…
Nigerians imported foreign used cars worth N169.1 billion in the first half of 2022. This represents a 51.2%…