Bitcoin Surges to $27,200 as Traders Anticipate Fed’s Interest Rate Decision
Bitcoin, the leading cryptocurrency by market value, experienced a significant rally on Monday, reaching $27,220, its highest point since August ...
Tag: Liquidity
CBN Collaborating with Banks to Resolve FX Backlog in Two Weeks.
The Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi, has announced that the CBN is working ...
Guinness Nigeria Struggles to Repay Foreign-Currency Loans Amid Dollar Shortage.
Guinness Nigeria Plc, a subsidiary of Diageo Plc, is facing challenges in obtaining dollars to repay its foreign-currency loans despite ...
CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to ...
BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.
Bureau de Change (BDC) operators in Nigeria are advocating for greater involvement in the foreign exchange market to ensure the ...
Analyzing Nigeria’s Money Supply: Money Supply drops, as currency in circulation rises by 6.32%
Money supply, also known as M3, decreased by 0.43 percent in May 2023 according to the Central Bank of Nigeria ...
Nigeria’s Forex Market Reacts to Exchange Rate Unification.
Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate ...
CBN releases additional FX reforms, relaxes restriction on domiciliary accounts.
The Central Bank of Nigeria (CBN) has introduced new guidelines and policy changes in the Foreign Exchange (FX) market to ...
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