Tag: Central Bank of Nigeria

In June 2023, the Debt Management Office (DMO) conducted Treasury Bills (T.bills) auctions with a total value of N204.50 billion. ...

House of Representatives Urges CBN to Ease Access to N250 Billion Gas Expansion Facility.

In response to the ongoing concerns over the rising petrol prices in Nigeria, the House of Representatives has called on ...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Currency Outside Banks Surges to N2.26tn by June 2023, Reports CBN.

In a recent report released by the Central Bank of Nigeria (CBN), currency outside banks in the country reached a ...

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

The Economist Intelligence Unit (EIU) has predicted that the pressure on Nigeria's currency, the naira, is likely to persist in ...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

FG Intensifies Efforts to Attract Dollar Supplies Amid Exchange Rate Volatility

The Nigerian government, under the leadership of President Tinubu, is leaving no stone unturned in its quest to secure dollar ...

CBN To Intervenes in Forex Market, Expects Volatility to Moderate Soon- CBN Governor

The Central Bank of Nigeria (CBN) has announced its intervention in the foreign exchange market, aiming to address the current ...

CBN Reaffirms Plan to Phase Out Old Naira Notes Gradually

During the recent Monetary Policy Committee (MPC) meeting held at the CBN headquarters in Abuja, the Central Bank of Nigeria ...

CBN Orders Removal of Post-No-Debit Restrictions on 440 Individuals and Businesses.

The Central Bank of Nigeria (CBN) has issued a directive to banks to remove the post-no-debit restrictions on the bank ...

Nigeria Anticipates Interest Rate Decision at CBN MPC Meeting with Focus on Shonubi

As economic uncertainty looms over Nigeria, all eyes are on the acting Central Bank of Nigeria (CBN) Governor, Fola Shonubi, ...

LCCI Urges CBN to Remove Forex Restrictions on 43 Products.