FX Crisis: Nigeria should explore other alternative currencies for imports — Expert
According to her, if such policy is implemented, the need for the greenback will significantly diminish, providing the Naira with ...
Tag: CBN
Nigeria’s FX reserves dip by $1.02 billion in 18 days on CBN’s naira defence
Nigeria’s foreign exchange (FX) reserve has experienced a sharp decline of about $1.02 billion within a span of 18 days, ...
ABCON to CBN, dollar allocations have become expensive, BDCs are recording losses
ABCON has appealed to the Central Bank of Nigeria (CBN) to adjust and lower its applicable exchange rate downward below the N1,251/$ it ...
Naira stability will attract more manufacturers to Nigeria – Abiodun Adedipe
The founder and Chief Consultant at B. Adedipe Associates Ltd. Dr. Abiodun Adedipe has said that Nigeria is poised to ...
Nigerian banks’ 20% ‘interest margin’ hampers small businesses – Experts
Economists express concerns about Nigerian banks’ large net interest margin, alluding to the trend as making access to finance beyond ...
Nigerians with NIN to get National ID card with payment feature – NIMC
The National Identity Management Commission (NIMC) has said that Nigerians who have registered for the National Identification Number (NIN) will ...
High interest rate on CBN’s T-Bills drying up funds from the private sector- LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has lamented the effect of high interest rate of CBN’s Treasury bill ...
Naira gains N821 against the British pound from its February low
Following the Central Bank of Nigeria's reforms, the country's currency has consistently appreciated against the US dollar and other foreign ...
KPMG: Nigeria’s inflation battle hinges on fixing supply-side issues
KPMG has said that the effectiveness of the Central Bank of Nigeria's (CBN) monetary tightening strategies may fall short unless ...
Again, CBN sells N652 billion OMO bills at 21% interest rate
The CBN leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess ...
