The Nigerian naira remained stable at the start of the new month, maintaining its recent gains in both the official and parallel foreign exchange markets amid improving liquidity and continued interventions by the Central Bank of Nigeria (CBN). Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira trading at ₦1,380.17 per U.S. dollar…
Nigeria’s financial sector is entering a new phase as the Central Bank of Nigeria (CBN) moves to strengthen control over the country’s digital payment ecosystem, while the nation’s foreign exchange position continues to improve. The apex bank has directed banks, fintech companies, mobile money operators, and other payment service providers to store all payment transaction…
A powerful magnitude 7.8 earthquake struck the southern Philippines on Monday, June 8, causing widespread destruction across Mindanao and triggering tsunami warnings across parts of Southeast Asia. Authorities say the disaster has killed at least 37 people, injured hundreds more, and left tens of thousands displaced, with search and rescue operations still ongoing as of…
A fragile de-escalation is taking place in the Middle East after Israel and Iran both signaled a pause in direct hostilities. This comes after days of intense missile exchanges and regional strikes. The shift comes after one of the most dangerous escalations in recent months, involving Israeli airstrikes on Iranian-linked targets and Iranian missile responses…
