Naira Depreciates Against US Dollar as CBN Prepares Monetary Policy Decision
The Nigerian naira has experienced a notable decline against the US dollar, reversing some of the gains recorded in recent ...
Tag: CBN
CBN Withdraws 2024-2025 Monetary Policy Guidelines Amid Confusion Over Misinterpretations
The Central Bank of Nigeria (CBN) has temporarily withdrawn its recently issued *Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines ...
CBN, NDIC to Address Bank Recapitalization at Upcoming Finance Summit
The Nigeria Deposit Insurance Corporation (NDIC), in collaboration with the Central Bank of Nigeria (CBN) and several major financial institutions, ...
CBN Set to Adjust Customs Exchange Rate as Naira Hits 6-Month Low
The Central Bank of Nigeria (CBN) is preparing to adjust the customs exchange rate used for clearing goods at the ...
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 ...
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 ...
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