The Financial Reporting Council (FRC) has launched the Nigerian Actuarial Development Programme (NADP). The initiative aims to boost the number of skilled actuaries in the country and enhance awareness of the profession. Actuaries are experts who analyse financial risks using mathematics, ...

The recent recapitalisation rules issued by the Central Bank of Nigeria (CBN), which took effect on June 3, 2024, have sparked concern among Bureau de Change (BDC) operators, who argue that compliance is currently unfeasible due to lack of clarity and various economic challenges. Aminu ...

The U.S dollar crashed to N1,173.88 on Tuesday after the Central Bank of Nigeria (CBN) sold over $300 million to commercial banks on the day and on Monday. With the CBN’s interventions, the naira jumped to a one-month high of N1,173.88 on Tuesday, the highest since April 12, 2024 when the ...

Naira, Nigeria’s currency on Monday showed signs of appreciating to N1,000 before the end of the week as it has risen to N1,115 on the black market. Some traders were quoting dollars at the rate of N1,118 and N1,120 on the parallel market on Monday. At the official foreign exchange (FX) market ...

The naira gained against the dollar as the Central Bank of Nigeria (CBN) took more measures including delivering a massive hike in its benchmark interest rate on Tuesday in a bid to rein in rising inflation so as to stabilise the economy. Raises MPR to 22.75%, CRR to 45% Following the ...