Tag: CBN

The Nigerian economy is currently facing significant challenges, particularly with the ongoing FX crises and the depreciation of the Naira. ...

Nigeria's monetary landscape witnessed a monumental surge as the broad money supply skyrocketed to a historic high of N93.72 trillion ...

In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...

No fewer than 86 ministries, agencies, and departments of the Nigerian government are collectively indebted to the Abuja Electricity Distribution ...

In a recent commentary on Nigerian banks, credit rating agency Fitch Ratings has cautioned that the proposed foreign currency gateway ...

In a significant development, Nigeria's currency, the Naira, soared to a historic high against the US dollar, reaching N1,607 in ...

Naira experienced a slight appreciation against the United States dollar at the Nigerian Autonomous Foreign Exchange Market, closing at N1,498.25/$ ...

The Central Bank of Nigeria (CBN) has taken a significant step in the foreign exchange market by selling up to ...

In a disheartening development for Nigeria's economy, the national currency, the naira, hit an unprecedented low against the dollar on ...

In a significant turnaround for Nigeria's economy, the Central Bank of Nigeria (CBN) confirmed the highest dollar inflow the country ...