Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...
Tag: CBN
Aso Villa, DHQ, CBN face disconnection over N47bn debt
No fewer than 86 ministries, agencies, and departments of the Nigerian government are collectively indebted to the Abuja Electricity Distribution ...
Fitch Ratings Warns CBN’s FX Gateway Bank May Impact Banks’ Liquidity
In a recent commentary on Nigerian banks, credit rating agency Fitch Ratings has cautioned that the proposed foreign currency gateway ...
Naira Hits Historic High Against US Dollar Trading at N1610/$
In a significant development, Nigeria's currency, the Naira, soared to a historic high against the US dollar, reaching N1,607 in ...
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/$ ...
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 ...
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