Naira weakens further to 506 against dollar
The Nigerian currency fell against the dollar at the parallel market on Friday to a new record low. The naira
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CBN
Nigeria limits sugar imports to Dangote, two other firms
The Central Bank of Nigeria has said only three companies will be allowed to import sugar into the country. The
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Naira weakens to 505 against dollar as forex reserves dip
The Nigerian currency fell against the dollar at the parallel market on Friday as the country’s foreign reserves look set
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Nigeria’s forex reserves fall below $34bn despite oil rally
Nigeria’s foreign exchange reserves have dropped below $34 billion despite the rally in the price of crude oil, the major
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Nigerian govt’s reliance on central bank financing worrying: Capital Economics
The Nigerian government’s growing reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly worrying,
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Nigerian central bank to unveil digital currency this year
The Central Bank of Nigeria has said it will launch its digital currency before the end of this year. The
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Naira falls to 498 against dollar as forex reserves dip
The Nigerian currency has weakened further against the dollar at the parallel market, moving closer to 500/$1. The naira exchange
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Nigeria’s forex reserves shed $650m in April, CBN data show
Nigeria’s foreign exchange reserves declined by $650 million last month, according to data from the Central Bank of Nigeria. Markets
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Nigeria’s forex reserves tumble to one-year low
Nigeria’s foreign exchange reserves have fallen to the lowest level in more than a year, the latest data from the
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CBN warns banks, others against rejecting lower dollar denominations, old bills
The Central Bank of Nigeria has warned deposit money banks and other authorised foreign exchange dealers in the country to
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