FX Turnover spikes 140% at NAFEX market as CBN moves to clear backlog of demand
The Naira depreciated marginally against the dollar at the I&E window on Thursday.
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
FG to release 30,000 tons of maize to poultry farmers after import ban
Buhari released 30,000 tons of maize from the national reserves to animal feed producers.
To test FX market, CBN pumps $50 million
$50 million was sold to foreign investors on the spot and forward market.
Exchange rate stabilizes across forex markets as speculative demand for FX drops
The Naira remained stable against the dollar to close at N440/$1 on Wednesday.
Naira rallies at black market as speculators continue dollar dump
The Naira appreciated against the dollar to close at N440/$1 on Tuesday.
With nowhere to invest, Nigerians keep N36 trillion in banks and low yielding assets
Too much cash, low yields, nowhere to invest
CBN reviews minimum interest rates on savings deposit to 1.25%
With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
In panic, forex speculators prepare to dump dollars
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell
9PSB gets final approval from CBN with *990# to commence operations in Nigeria
Payment Service Banks facilitates sending remittances across the country from one user to another, bypassing the banks.
CBN sequesters N321.6 billion from banks in new CRR Debits
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.
