Economic Boost: Naira Appreciates by 0.6% at Official Exchange Market

On Monday, the Naira appreciated in the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange, the platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), indicated that the Naira gained N9.93. This marks a 0.61% increase compared to the previous trading day on August 2, when the Naira... Read More

Breaking: Heritage Bank is Not in Distress, CBN Assures Public

The Central Bank of Nigeria (CBN) has officially addressed and dismissed the false and malicious rumors circulating on social media that suggest Heritage Bank is experiencing financial distress and is unable to fulfill its obligations to depositors. In a statement released by Isaac Okorafor, the Acting Director of Corporate Communications, the CBN clarified that... Read More