Yesterday, the Central Bank of Nigeria ordered the new implementation of a 0.5% levy on all electronic transactions as part of its effort to address the high rate of cybercrime in the financial system...
On Thursday, the naira experienced a major decline against the US dollar, trading at N1,309/$ at the official market and N1,420 at the parallel market. This depreciation can be attributed to the high ...
The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...
On Monday, data from the FMDQ securities exchange revealed that the naira's value at the official foreign exchange market declined to N1,234 against the US dollar.According to the exchange rate, the n...
According to data from the FMDQ Securities Exchange, the Central Bank of Nigeria (CBN) invested $581 million in foreign exchange interventions at the Nigerian Autonomous Foreign Exchange Market this y...
On Thursday, the Minister of Finance, Wale Edun, stated that the fiscal authority is complementing the efforts of the Central Bank to ensure the stability of the economy through the issuance of N8 tri...
It has been reported that the naira noticed a significant shift against the United States dollar at the official market on Wednesday, following a slight depreciation on Tuesday.The naira closed Wednes...
In implementing measures to assist the current monetary tightening policy, the Central Bank of Nigeria (CBN) has reduced commercial banks' Loan-to-Deposit Ratio from 65% to 50%.With this in place, Dep...
It was reported on Sunday that the country's local currency (naira) increased against the US dollar, breaking through key resistance levels to trade below N1,000 in certain black market segments.This ...
A recent report revealed that the naira has continued to strengthen against the US dollar as it re-recorded a positive move on Wednesday, much to the delight of Nigerians, both at the official foreign...