Tag
CBN
The Central Bank of Nigeria (CBN) has approved the sale of $20 thousand each to Bureau De Change (BDC) operators at the rate of N1,580/$ in a bid to provide more forex liquidity in the market and meet demand.
Nigerian Treasury Bills (NTBs) latest auction held on the 4th of September 2024 saw a remarkable display of investor interest in over N1 trillion in subscriptions.
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM market on Wednesday, August 4, 2024.
Nigeria has spent $2.78 billion on servicing foreign debt in the first seven months of 2024, according to the international payment statistics of the Central Bank of Nigeria.
Agusto & Co, a leading credit rating agency, warns that Nigeria's inflation, which recently saw a slight moderation, is at risk of persisting due to several upcoming fiscal measures.
The Central Bank of Nigeria (CBN) has revealed that only 36.3% of Nigerian households prefer an increase in interest rates to control inflation.
The amount of currency outside the banking system in Nigeria decreased to N3.66 trillion in July 2024, marking the second decline this year.
The Central Bank of Nigeria (CBN) is set to re-issue N2.2 trillion worth of maturing Nigerian Treasury Bills (NTBs) in the fourth quarter of 2024.
Nigerians are bracing for tough months ahead, with many planning to rely on borrowing and depleting their savings to manage their financial obligations amid a challenging economic landscape.
The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to wave many conditions of its forex policy for Manufacturers in the country.
The Nigerian currency began the week on a bearish note as the U.S. dollar index showed strong performance in the global market.
The Central Bank of Nigeria (CBN) has increased the rates for the Standing Deposit Facility (SDF) as part of its ongoing efforts to manage liquidity in the financial system.