Naira Trades at N1,498/$ as CBN Takes Action Against Racketeers
Naira experienced a slight appreciation against the United States dollar at the Nigerian Autonomous Foreign Exchange Market, closing at N1,498.25/$ ...
Tag: CBN
CBN Sells $30 Million in Spot FX Market, Boosting Trading Liquidity
The Central Bank of Nigeria (CBN) has taken a significant step in the foreign exchange market by selling up to ...
Naira Plunges to N1,534 Against Dollar on Official Market
In a disheartening development for Nigeria's economy, the national currency, the naira, hit an unprecedented low against the dollar on ...
CBN Confirms Highest Dollar Inflow in 19 Months
In a significant turnaround for Nigeria's economy, the Central Bank of Nigeria (CBN) confirmed the highest dollar inflow the country ...
CBN’s Hawkish Leap: CBN Signals Aggressive Shift in Monetary Policy with Striking Treasury Bill
Rate Surge in a decisive monetary policy maneuver, the Central Bank of Nigeria (CBN) has sent shockwaves through the financial ...
No Plan to Convert Domiciliary Account Dollars to Naira Vows CBN
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), attributed the depreciation of the naira to the increasing ...
Interest Rates Expected to Rise as CBN Plans Record N1 Trillion Treasury Bill Auction
Recent indications point towards a potential increase in Nigeria's interest rates ahead of the upcoming treasury bills auction, signaling a ...
Dollar Supply Soars by 180% Following CBN Interventions
In a resounding turn of events, the official foreign exchange market in Nigeria witnessed a remarkable surge in dollar supply, ...
Naira is Deeply undervalued- CBN Governor
In an exclusive interview with Arise Television, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, emphasized ...
Central Bank of Nigeria Estimates $2.4 Billion FX Liabilities as Invalid
In an exclusive interview with Arise Television, Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, revealed that ...
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