Data Reveals CBN’s Limited Intervention in Naira Defense
Recent data from the FMDQ Securities Exchange has shed light on the Central Bank of Nigeria's (CBN) approach to defending ...
Tag: Foreign Exchange Reserves
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, ...
Nigeria’s Foreign Exchange Reserves Drop by $1.02bn in 18 Days
Nigeria's foreign exchange reserves have experienced a notable decline, decreasing by approximately $1.02 billion over an 18-day period as the ...
IMF Approves $178 Million Loan: A Blueprint for African Economic Challenges
The International Monetary Fund (IMF) has given the green light for a $178 million loan to Malawi, a move aimed ...
Asian Central Banks Innovate to Safeguard Currencies Amid Global Uncertainty
Asian central banks are adopting innovative strategies to protect their currencies as concerns about sustained higher US interest rates and ...
CBN’s Bold $10 Billion Forex Backlog Resolution: A Gambit Worth Watching
The Central Bank of Nigeria (CBN) has set an audacious target - to clear a lingering $10 billion foreign exchange ...
Foreign Firms Repatriate $5.86 Billion from Nigerian Economy in Six Months – CBN
The Central Bank of Nigeria (CBN) has reported that foreign companies withdrew a total of $5.86 billion from the Nigerian ...
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