Tag
CBN
The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market.
The CBN has assured Nigerians that the country's inflation rate will begin to moderate by the first half of 2021.
The CBN Governor has insisted that Nigeria’s current external reserves is sufficient to cover 7 months of imports of goods and services.
CBN has assured that the nation's economy will emerge out of recession in the first quarter of 2021.
Nairametrics can confirm that the exchange rate between the naira and dollar has depreciated to N390/$1.
If the supply of dollars from the CBN meets or exceeds the demand for Naira by importers, then the dollar exchange rate weakens in favour of the Naira.
Cocoa exporters have lamented 100,000 tons of cocoa beans being trapped at Nigerian ports due to CBN documentation approval.
At the black market, the Naira depreciated against the dollar to close at N495/$1 on Thursday.
CACOVID has budgeted nothing less than N250 billion to rehabilitate damaged police stations across the country and solve the issue of unemployment.
At the black market, the Naira depreciated against the dollar to close at N487/$1 on Wednesday.
The CBN has commended stakeholders over concerted efforts in closing the financial inclusion gender gap in Nigeria.
The CBN revealed during the MPC meeting that the total credit to the economy rose to N19.54tn as of the end of November 13.