Nigeria’s money supply surges to N108.9 trillion, up 68% in one year
Nigeria’s money supply (M3) has grown by 62.8% year-on-year (YoY) in September 2024, despite the Monetary Policy Committee’s (MPC) tightening ...
Tag: Foreign exchange market
Naira trades within narrow range as FX turnover surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover surged by 138.67% on the Nigerian Autonomous Foreign ...
CBN permits IOCs to sell 50% of repatriated export proceeds to authorized FX dealers
The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can sell 50% balance of their repatriated ...
Naira ends turbulent May at N1,485.99/$1 on official market
After two days of substantial depreciation in a week characterized by significant volatility in the foreign exchange market, the naira ...
Naira appreciates to N1,339.33/$1 on official market, best in 2 months
The exchange rate between the Naira and the Dollar at the official window saw a significant appreciation of 10.71% on ...
U.S dollar set for first weekly fall in 2024 while naira shows momentum
The U.S. dollar index was on track for its first weekly fall in 2024 while the naira appreciated at the ...
Nigeria’s Forex Market Needs Clear, Enforceable Rules: i-invest
Dotun Sulaiman has expressed optimism about the potential impact of the CBN’s proposed policy documentation on rules of the foreign ...
A breather for banks and domiciliary account holders
The recent directives issued by the Central Bank of Nigeria (CBN) has provide further guidance to Deposit Money Banks (DMBs) ...
Market experts say removal of CBN Governor is a step in the right direction
Financial experts believe that the suspension of CBN Governor Godwin Emefiele will stabilize the capital market and foreign exchange market.
CBN FX policies is depressing stock market – Expert
Tajudeen Olayinka said the disruption caused by CBN’s interest rate hikes is responsible for the prolonged repricing of securities across ...
