Analyzing Nigeria’s Money Supply: Money Supply drops, as currency in circulation rises by 6.32%
Money supply, also known as M3, decreased by 0.43 percent in May 2023 according to the Central Bank of Nigeria...
CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.
The Central Bank of Nigeria (CBN) injected approximately $29.5 million into the foreign exchange (FX) market during the recent auction...
Nigeria Customs Service Increases Port Exchange Rate to N589.5/$.
The Nigeria Customs Service (NCS) has announced an increase in the exchange rate for cargo clearing at the port, as...
CBN Urges Nigerian Tertiary Institutions to Embrace e-Naira for Transactions.
In a bid to enhance efficiency and cost-effectiveness in financial transactions within the education sector, the Central Bank of Nigeria...
Naira depreciated further to N763/$ at the Investors and Exporters Windows.
On Thursday, June 22, 2023, the Investors and Exporters window recorded depreciation in the value of the naira as it...
Nigeria’s Forex Market Reacts to Exchange Rate Unification.
Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate...
CBN Plans Further Loosening of Controls to Determine New Naira Level
Dr. Kingsley Obiora, the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), has revealed...
JP Morgan Projects Naira to Appreciate and Settle at N600/$.
JP Morgan, the renowned American multinational financial services firm, has expressed optimism regarding the Nigerian currency, projecting an appreciation of...
US holds interest rates steady for the first since 2022, Assessing Inflation Impact.
The United States central bank, the Federal Reserve, has announced its decision to maintain interest rates at their current levels,...
The Fate of Bureau De Change Companies in Nigeria Following Exchange Rate Unification.
The unification of the exchange rate in Nigeria is set to have a wide-reaching impact on Bureau De Change (BDC)...
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