CBN Sells N1.58 Trillion in Treasury Bills, Interest Rates Reach 19% in Latest Auction
The Central Bank of Nigeria (CBN) has conducted another successful Treasury Bills auction, selling a substantial N1.58 trillion as part ...
Tag: Central Bank of Nigeria
Senate to Investigate Buhari Government and Emefiele Over N30 Trillion CBN Loans
In a bid to unravel the circumstances surrounding the N30 trillion loans obtained by the Central Bank of Nigeria (CBN) ...
FG Raises Exchange Rate for Cargo Clearance to N1,605/$
In a recent development, the Federal Government, through the Central Bank of Nigeria, has once again adjusted the exchange rate ...
P2P market crosses N1800/$1 as Official Rates Settled at N1551/$
The Nigerian naira witnessed mixed fortunes in forex markets on Tuesday, February 20th, 2024, with the official exchange rate settling ...
FG to Auction N2.5 Trillion in Bonds Amid Rising Interest Rate Expectations
Nigeria's government is set to auction a record-high N2.5 trillion worth of seven and 10-year naira-denominated bonds today, signaling a ...
Atiku Criticizes Tinubu’s Forex Policies as Naira Plummets to N1,700/$
Former Vice President Atiku Abubakar has launched scathing criticism against the government of President Bola Tinubu, attributing Nigeria's deepening economic ...
Naira Resilience: Forex Sales Dip as Demand Surges
In a week marked by fluctuating forex dynamics, the Nigerian Naira showcased its resilience amidst shifting market conditions. Despite a ...
CBN Raises Import Duty Exchange Rate Amid Naira’s Continuous Depreciation
The Central Bank of Nigeria (CBN) has once again adjusted the official exchange rate used for clearing imported goods at ...
Will the Naira Hit N2000/$ in 2024?
The Central Bank of Nigeria (CBN) was enveloped in tension as the Naira plummeted to an unprecedented low of N1,548.63 ...
Naira Closes Above N1500/$1 Amid Declining Forex Turnover
The Naira experienced a significant depreciation, closing above N1500/$1 in recent trading sessions. This was accompanied by a notable decline ...
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