Macro updates: Nigeria falls short of net exports despite record monthly trade surplus
In Q4 of 2023, Nigeria shifted back into net importer status, primarily attributed to a substantial acquisition of tanks and ...
Tag: CBN
Buhari unaware of the depletion of Nigeria’s foreign reserves under Emefiele – Tinubu’s Aide
Ajuri Ngelale, the spokesperson for President Bola Tinubu on Media and Publicity, stated that the previous president, Muhammad Buhari, was ...
Time running out for naira as U.S dollar index hits two-month low
The Nigerian local currency is running out of time, and the U.S. dollar index is hovering around two-month lows as ...
FX remittances quadruple to $1.3 billion in February – CBN
The Central Bank of Nigeria (CBN) has said overseas remittances into the country rose to $1.3 billion in February 2024 ...
Foreign investors dominate bids for OMO, treasury bills by 75% – CBN
The Central Bank of Nigeria (CBN) has disclosed that over 75% of bids received during the auctions of government securities ...
Naira stays above N1,600/$1 as traders await another “circular” Friday
The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward ...
CBN signs MoU with blockchain firm, Gluwa to boost eNaira adoption
The Central Bank of Nigeria (CBN) has signed a Memorandum of Understanding (MoU) with a blockchain firm, Gluwa to drive ...
CBN mandates microfinance, mortgage banks and DFIs to submit financial returns monthly or risk sanctions
The Central Bank of Nigeria has mandated Microfinance banks, Primary Mortgage Banks (PMBs) and Development Financial Institutions (DFIs) to ensure ...
CBN sells another N1.3 trillion in treasury bills at 21.5%
The Central Bank of Nigeria (CBN) has completed another round of Treasury Bills (T-Bills) auction, offloading about N1.3 trillion.
Nigeria may struggle to get macroeconomic stability without more monetary tightening – Fitch
Fitch Ratings Inc. has underscored the necessity for Nigeria to adopt more stringent monetary tightening measures to secure macroeconomic stability.
