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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Regarding the currency outlook, respondent firms expect the Naira to depreciate in the current month.
The Federal Government has been under increasing pressure to reduce its debt and stimulate growth.
As key sectors continue to suffer contraction, unemployment may surge in the economy.
Unity Bank Plc’s audited result and accounts for financial year ended December 31, 2019, showed impressive performance as...
He revealed the unification will also be around the NAFEX rate.
The charges accrued between February 1st and April 30th, due to ommissions by the tier-1 bank.
The naira has been hitting record lows on the parallel and over-the-counter spot markets.
With the government under pressure to earn dollars, reliance has shifted mostly towards foreign borrowing.
Nigeria's central bank, some weeks ago, resumed dollar sales to individuals and businesses with genuine needs.
The naira was strengthened on Wednesday as it appreciated to N386.94 to a dollar at the Investors and Exporters (I&E) window, after the day’s trading session
Last week Nigeria’s central bank withdrew around N460 billion from Nigeria’s banking system.
Funding rates expanded significantly last week on the back of the N600 billion retail FX funding and CRR Debit.