Recent data collected from both market segments from the trading session on Wednesday showed that the value of the naira appreciated against the dollar on all foreign exchange markets.The naira closed...
The Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 200 basis points to 24.75%. This was made at the recent Monetary Policy Committee (MPC).This was made during the Tuesday ...
In a recent circular, the Central Bank of Nigeria disclosed that Bureau De Change operators (BDCs) had been assigned $10,000 at N1,251/$1.According to the circular released on Monday, the apex bank st...
The value of the naira was reported to rise significantly on Thursday to close at N1,382.85 against the dollar, from how it previously closed on Wednesday for N1,536.83 after the Central Bank of Niger...
On Wednesday, the Central Bank of Nigeria (CBN) announced that all previous pending valid foreign exchange backlogs were officially cleared, thereby fulfilling one of the important pledges Mr Olayemi ...
The naira showed strength at the official market, quoting N1,560.75/$, and this development has been attributed to the many reforms of the Central Bank of Nigeria (CBN).At the close of trading at the ...
According to recent predictions, the naira is expected to stabilise this week, following different moderations from the Central Bank of Nigeria (CBN) that have reduced the pressure on demand following...
The apex bank has issued early retirement letters to eight Central Bank of Nigeria (CBN) directors. Some retired directors were initially redeployed to the development of the bank, FSS 2020, under the...
In its recent warnings, the Central Bank of Nigeria has asked mortgage banks nationwide to submit regulatory returns early. This was because it also warned Development Finance Institutions and Mi...
The Central Bank of Nigeria (CBN) recently reported that it has successfully finished the sale of government securities, issuing N1.053 trillion (US$680 million) in short instruments as part of its li...