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
Read more
CBN
Nigeria’s forex reserves gain $404m in 13 days
Nigeria’s foreign exchange reserves rose by $404 million in the last 13 days of March to close the month at
Read more
Naira weakens further to 486/$1 at parallel market
The Nigerian currency extended its decline against the dollar on Monday at the parallel market. The naira fell to 486
Read more
CBN may not increase interest rates amid rising inflation: Capital Economics
Concerns about a weak economic recovery may keep the Central Bank of Nigeria from increasing interest rates amid rising inflation,
Read more
Nigeria’s forex reserves plunge to 11-month low
Nigeria’s foreign exchange reserves have plummeted to the lowest level in 11 months despite the sharp rise in the price
Read more
Naira tumbles to 484 against dollar at parallel market
The Nigerian currency extended its decline against the dollar on Tuesday at both the parallel market and the investors’ and
Read more
Why investors will be wary of putting money into Nigeria
Virág Fórizs The reported (but unconfirmed) devaluation of one of Nigeria’s exchange rates would help to improve the public finances, but it
Read more
Nigeria’s forex reserves fall below $35bn despite oil rally
Nigeria’s foreign exchange reserves have fallen below $35 billion to the lowest point in more than two months, despite the
Read more
SEC, CBN, others to develop regulatory structure for cryptos
The Securities and Exchange Commission said on Tuesday that it would collaborate with the Central Bank of Nigeria and other
Read more
Nigeria’s forex reserves fall to near two-month low
Nigeria’s foreign exchange reserves have declined to $35.47 billion, the lowest level in nearly two months. The reserves have fallen
Read more