Some Nigerian banks to operate under forbearance beyond 2025 – Fitch
Fitch Ratings has revealed that while most banks are expected to exit the regulatory forbearance regime by December 2025, a ...
Tag: FX market
CBN ends audit of failed FX deals, refunds banks in naira
The Central Bank of Nigeria (CBN) has officially concluded the forensic audit into undelivered forward foreign exchange (FX) transactions and ...
Naira holds below N1,600/$ in the holidays
The Nigerian currency traded below the key resistance (N1600/$) against the greenback at the unofficial market.
Jitters for Naira as OPEC+ increases production quota by 411,000 barrels per day
The Organization of the Petroleum Exporting Countries and its allies (OPEC+), the world’s largest group of oil producers, has announced ...
Naira appreciates to N1,625/$1 in parallel market, N1,588.50/$1 at official
The naira appreciated to N1,625/$1 in the parallel market on Tuesday, up slightly from N1,627/$1 recorded on Monday, according to ...
CBN injects $197.71 million into FX market to boost liquidity and stability
The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange (FX) market on Friday, April 4, ...
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.
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 ...
