Tag: Central Bank of Nigeria

Nigeria's foreign trade payments via Letters of Credit (LCs) saw a significant decline in the first seven months of 2024, ...

The Nigerian naira made a strong recovery on Thursday, August 29, 2024, after briefly crossing the N1,600 mark against the ...

The Nigerian foreign exchange market is experiencing a significant downturn, with the average daily forex turnover hitting its lowest point ...

The Central Bank of Nigeria (CBN) has lifted the suspension on its Standing Lending Facility (SLF) for authorized dealers, a ...

In April 2024, Nigeria experienced a notable surge in capital outflows, reaching a total of $1 billion, marking a significant ...

Nigeria saw a significant rise in capital outflows in April 2024, with total outflows reaching $1 billion, marking a 35.14% ...

The Federal Government's fiscal deficit increased slightly in April 2024, reaching N824.79 billion, up from N823.91 billion in March, according ...

Nigeria’s external reserves have experienced a decrease of 0.68%, dropping to $36.620 billion as of August 12, 2024, from $36.872 ...

The Central Bank of Nigeria (CBN) has reported a significant increase in net foreign exchange (FX) flows into the country, ...

The devaluation of the Nigerian naira in 2023 resulted in significant foreign exchange gains for the Nigeria Identification for Development ...