Money Outside Banks Surges to N3.63 Trillion as Cash Processing Fees Resume
Despite a decline in overall money supply (M2), currency outside banks (COBs) in Nigeria witnessed a notable increase of 10.67 ...
Tag: Central Bank of Nigeria
Naira Hits Two-Month Low of N1,419.11 Against Dollar as Foreign Inflows Drops
The naira experienced a significant decline on Monday, reaching its lowest level against the dollar in two months, as foreign ...
Nigeria Sees Surge in Active Bank Accounts, Reaches 219.6 Million in March 2024 – NIBSS
Nigeria's banking sector experiences a notable uptick in active bank accounts, reaching a total of 219.6 million in March 2024, ...
Stockbrokers Advocate Increased PFAs Participation in Equity Market
The Chartered Institute of Stockbrokers (CIS) has called for Pension Fund Administrators (PFAs) to step up their involvement in the ...
Naira Plunges to N1,450 Against Dollar, 8.28% Decrease During Trading Hours
The Nigerian naira experienced a sharp decline on Thursday afternoon, dropping to N1,450 per dollar in the parallel market. This ...
CBN Data Reveals Sharp Drop by N226 Billion in POS Transactions Amid Rising Cash Hoarding
In a stark reversal of trends, Point-of-Sale (POS) transactions in Nigeria plummeted by N225.73 billion in the first quarter of ...
Official Exchange Rate Hits Month-to-Date Low of N1300/$1, Depreciates by 17.4% in 5 Days
Nigeria's official exchange rate plummeted to a month-to-date low of N1300/$1 on Tuesday, April 23, 2024, as reported by data ...
Naira Plummets to N1,234/$ at Official Market as Speculators Resume Hoarding
The Nigerian naira experienced a significant depreciation against the United States dollar, reaching N1,234 at the official foreign exchange market ...
CBN Clarifies Decline in Nigeria’s Foreign Reserves, Emphasizes Debt Repayment
The Central Bank of Nigeria (CBN) has provided clarity on the recent significant decline in the nation's foreign exchange reserves, ...
CBN Implements Regulatory Measures to Enhance Lending to Real Sector
In a recent regulatory update dated January 20, 2020, the Central Bank of Nigeria (CBN) has announced measures aimed at ...
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