Dangote Group Secures $105.33 Million in CBN’s Latest FX Auction
The Dangote Group has emerged as a significant player in the latest Retail Dutch Auction conducted by the Central Bank ...
Tag: FX
Naira Strengthens as Banks and Forex Traders Sell Dollar Below N1,600
The Naira experienced a varied performance against the United States dollar in the foreign exchange markets, with gains noted in ...
NCC Orders Telecom Firms to Block Access to Binance and Other Crypto Sites Over FX Rate Hike
In a surprising move impacting Nigeria's cryptocurrency landscape, the Nigerian Communications Commission (NCC) has issued a directive to telecommunications firms ...
Forex Reserves Rise to $33.2 Billion
Nigeria's foreign exchange (forex) reserves have experienced a notable increase, reaching $33.25 billion, driven by optimism regarding potential surpassing of ...
CBN still short of forex to clear backlog- Fitch
Fitch, a prominent global credit rating agency, has highlighted that the Central Bank of Nigeria (CBN) continues to grapple with ...
Nigeria’s FX Unification: N1.36 Trillion Revenue Surge in 6 Months
In a significant economic development, the unification of Nigeria's exchange rate has led to a substantial increase in revenue from ...
Unravelling PND abuse in Nigeria’s banking system.
In his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been ...
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