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CBN
Following CBN's policy, WorldRemit was the first digital service to offer its customers the option of USD cash pickup in Nigeria.
Did the CBN just signal another devaluation is looming?
The exchange rate during intraday trading traded for as high as N416.95/$1, the highest intraday trading tracked by Nairametrics.
The exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX where forex is traded officially.
The exchange rate at the black market where forex is traded unofficially depreciated at N480/$1 and during the intraday trading at NAFEX.
The exchange rate between the naira and the dollar depreciated closing at N394.33/$1 at the NAFEX.
Banking sector credit grew to N25.02 trillion as at December 2020.
The exchange rate at the black market where forex traded unofficially appreciated at N478/$1.
The MPC urged the CBN to increase its lending to the government as it believes it will help reflate the economy from its recession.
The CBN has given a loan facility to DisCos in support of the Federal Government's National Mass Metering Programme.
The CBN has disbursed a total of N106.96 billion to 27,956 beneficiaries of AGSMEIS.
The exchange rate at the black market where forex traded unofficially depreciated at N480/$1 on Tuesday, January 26, 2021.