Tag
CBN
The Central Bank of Nigeria has asked the Nigerian Customs Service (NCS) and other related agencies to adopt the FX closing rate on the date of form M of importers to be used for clearance of goods and import duty assessment.
This is the chilling reality facing Nigerian businesses, investors, manufacturers and citizens alike, thanks to the Central Bank of Nigeria's (CBN) recent invalidation of $2.4 billion worth of forward contracts.
The Central Bank of Nigeria (CBN) has sold an impressive N1.58 trillion in its latest Treasury Bills auction...
The official exchange rate experienced a decline of 2.97%, settling at N1571.31/US dollar & intraday trading reached N1851 against the dollar
Nigeria's broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.
The Central Bank of Nigeria (CBN) has raised the exchange rate for customs clearance at ports from N1537.07 to N1605.82 per USD.
Financial analysts are advocating for a policy re-evaluation to safeguard the Nigerian Naira amid escalating forex rates, despite efforts by the Central Bank of Nigeria (CBN) to stabilize its value.
The National Security Adviser’s Office, led by Nuhu Ribadu, in collaboration with the Central Bank of Nigeria (CBN), has initiated a joint effort to combat forex speculation and tackle the issues affecting the country’s economic stability. 9
The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N2040 per Great Britain Pound (GBP).
In its recent post-financing assessment report concerning Nigeria, the International Monetary Fund (IMF) has painted a grim picture of the nation's economic future.
Nigeria’s Senate President, Godswill Akpabio, has blamed the current hardship in the country on certain monetary policies and actions implemented by the former CBN governor, Godwin Emefiele.
IMF has called for Nigeria to methodically raise the deposit insurance levels managed by the Nigeria Deposit Insurance Corporation (NDIC).