CBN Injects Over $300 Million into Banks as Naira Sees Uptick
Amidst concerted efforts to stabilize the naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300 million ...
Tag: CBN
CBN Proposes $10,000/year Limit on Foreign School Fees via BDCs
The Central Bank of Nigeria (CBN) is set to implement stringent measures concerning the purchase of foreign currencies through Bureau ...
BDCs Set Terms for Compliance with CBN Directive
The Association of Bureau De Change of Nigeria (ABCON) has responded to the recent directive issued by the Central Bank ...
CBN Guideline Prompt BDCs to Mull Mergers Amidst Capital Increase
The Central Bank of Nigeria (CBN) has set forth a regulatory proposal that has stirred significant debate and strategic maneuvers ...
FX Crisis: Examining FX Manipulation, Crypto Platforms, and Regulatory Response
The Nigerian economy is currently facing significant challenges, particularly with the ongoing FX crises and the depreciation of the Naira. ...
Nigeria’s Broad Money Supply Hits Historic High, Surging to N93.72 Trillion
Nigeria's monetary landscape witnessed a monumental surge as the broad money supply skyrocketed to a historic high of N93.72 trillion ...
Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...
Aso Villa, DHQ, CBN face disconnection over N47bn debt
No fewer than 86 ministries, agencies, and departments of the Nigerian government are collectively indebted to the Abuja Electricity Distribution ...
Fitch Ratings Warns CBN’s FX Gateway Bank May Impact Banks’ Liquidity
In a recent commentary on Nigerian banks, credit rating agency Fitch Ratings has cautioned that the proposed foreign currency gateway ...
Naira Hits Historic High Against US Dollar Trading at N1610/$
In a significant development, Nigeria's currency, the Naira, soared to a historic high against the US dollar, reaching N1,607 in ...
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