Fitch Ratings has revealed that while most banks are expected to exit the regulatory forbearance regime by December 2025, a select few will continue operating under forbearance beyond the period.
The Central Bank of Nigeria (CBN) has officially concluded the forensic audit into undelivered forward foreign exchange (FX) transactions and refunded the value of all unfulfilled and unvalidated deals to banks in naira.
The Nigerian currency traded below the key resistance (N1600/$) against the greenback at the unofficial market.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+), the world’s largest group of oil producers, has announced a 411,000 barrels per day production increase for July 2025, reinforcing its strategy to manage supply dynamics and safeguard market share.
The naira appreciated to N1,625/$1 in the parallel market on Tuesday, up slightly from N1,627/$1 recorded on Monday, according to data sourced by Nairametrics from currency traders in Lagos.
The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange (FX) market on Friday, April 4, 2025, as part of its ongoing commitment to ensuring adequate liquidity and maintaining orderly market functioning.
The figure, however, still reflects a significant 15.45% increase year-on-year compared to the N95.56 trillion recorded in February 2024.
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to...
Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results.
The Nigerian currency settled lower against the haven currency in the second trading session of the week amid high demand for the U.S. dollar in both the official and unofficial markets.
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau de Change (BDC) operators to access the Nigerian Foreign Exchange Market (NFEM) for weekly FX purchases.
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a...
