Nigeria’s money supply records first drop in 2025, falls to N110.32 trillion
The figure, however, still reflects a significant 15.45% increase year-on-year compared to the N95.56 trillion recorded in February 2024.
Tag: FX market
CBN committed to rooting out bad actors in Nigeria’s FX market – Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to cleaning up ...
Cardoso says CBN making progress in stabilising FX market, curbing inflation
Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market ...
Naira nudges lower in Nigerian FX Market, U.S. Fed meeting takes Spotlight
The Nigerian currency settled lower against the haven currency in the second trading session of the week amid high demand ...
CBN extends $25,000 weekly forex purchase window for BDCs until May 30, 2025
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau de Change (BDC) operators to access the Nigerian ...
CBN asks FX market participants to submit compliance report before January 31
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a compliance report ...
Naira gains N126/$ in less than a week amid CBN’S Reforms in Nigerian FX Market
The Nigerian naira broke key resistance levels at the Nigerian Autonomous Foreign Exchange Market as the Central Bank of Nigeria ...
CBN Governor says FX Matching System will correct Naira’s true Value
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed that the soon-to-be-introduced electronic FX matching system will address the ...
CBN introduces electronic matching system for FX transactions, to begin by December
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic matching system for foreign exchange transactions in ...
Naira within N1,650/$ mark in black market
The haven currency posted mild losses in London’s trading session as renewed concerns over the U.S. economy’s growth outlook weakened ...
