Nigeria’s exchange rate depreciates by 40% in first half of 2024, despite forex reforms
Nigeria's exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month.
Tag: CBN Policies
CBN to sanction exporters who default on export proceed number
CBN to sanction exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers.
CBN retains MPR at 12.5%
MPR, Cash Reserve Ratio (CRR), Liquidity ratio, and asymmetric corridor remain unchanged.
Nigeria’s worsening current account deficit piles pressure on exchange rate
The current account deficit is critical to deciding on whether to devalue or not.
CBN to hold MPC meeting on July 20
Apex bank to hold its 274th Monetary Policy Committee meeting on Monday, July 20, 2020.
President Buhari boasts of External Reserves growth of $2.58 billion in May
The external reserves grew from $33.42 billion on April 29th 2020 to about $36.00 billion in May 2020 which is ...
Podcast: What a 12.5% MPR rate means for Nigerian Banks
Join Adetayo Adesola and Olumide Adesina as they discuss how the recently released MPR value mean for Nigerian Banks. Other ...
Banks text customers to come and buy dollars
These follow recent pronouncement by the CBN that it is ready to provide forex for investors who wish to repatriate ...
IMF list unpopular policies CBN must reverse
The IMF wants the CBN to end some of its harshest policies including lifting the forex ban on 41 items.
Analysis: GTB is minting profits but CBN is squeezing its cash
With all its strides in profitability, foreign exchange gains, and even an increase of well over a billion in its ...
