Investors Flock to Nigerian Treasury Bills with N1.13 Trillion in Subscriptions
The latest Nigerian Treasury Bills (NTBs) auction, conducted on September 4, 2024, witnessed a significant surge in investor interest, with ...
Tag: CBN
Banks’ Deposits with CBN Surge to N3.42 Trillion Amid Policy Changes
The Central Bank of Nigeria (CBN) has reported a notable increase in banks' deposits, reaching a record N3.42 trillion by ...
Currency Outside Nigerian Banks Drops to N3.66 Trillion in July, Largest Decline of 2024
The amount of currency circulating outside Nigeria's banking system experienced a significant drop in July 2024, decreasing to N3.66 trillion. ...
Naira Nears N1,600/$1 as Daily Forex Turnover Hits 2024 Low
The Nigerian foreign exchange market is experiencing a significant downturn, with the average daily forex turnover hitting its lowest point ...
Nigeria’s Capital Outflows Surge to $1 Billion in April 2024, Driven by Capital Reversals
In April 2024, Nigeria experienced a notable surge in capital outflows, reaching a total of $1 billion, marking a significant ...
Nigeria’s FX Turnover Hits $7.4 Billion in July, Reflecting Increased Trading Activity
Nigeria's foreign exchange (FX) market experienced a significant boost in trading activity in July 2024, with a turnover of N11.48 ...
CBN Adjusts Customs Duty Exchange Rate, Reduces Costs for Importers
The Central Bank of Nigeria (CBN) has implemented a new exchange rate for calculating customs duties, offering relief to importers ...
Naira Rebounds in Official Market but Struggles in Parallel Market
The Nigerian naira made a notable recovery in the official market on Wednesday, August 21, 2024, after a sharp depreciation ...
Inconsistent Dollar Supply by CBN Hinders Naira Recovery, Say BDC Operators
Currency traders have blamed the persistent depreciation of the naira and the volatility in Nigeria's foreign exchange (FX) market on ...
FX Turnover Drops by 21% in Early August Amid CBN’s Retail Dutch Auction
The Nigerian foreign exchange (FX) market witnessed a significant downturn in turnover during the first two weeks of August 2024, ...
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