Nigeria’s forex reserves down $570m to $35.63bn despite oil rally
The foreign exchange reserves of Nigeria, Africa’s biggest oil producer, fell by $570 million in the first 15 days of
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CBN
Naira tumbles at I&E window, strengthens on black market
The Nigerian currency plunged by 1.17 percent on Friday against the dollar at the Investors’ and Exporters’ Foreign Exchange Window.
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CBN ban: SEC puts plan to regulate cryptocurrencies on ice
The Securities and Exchange Commission has put on hold its plan to regulate cryptocurrencies and other digital assets following last
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Nigeria’s forex reserves fall below $36bn despite oil rally
Nigeria’s foreign exchange reserves have declined below $36 billion to the lowest level since Jan. 8, 2021 despite the recent
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Naira weakens further at investors, exporters’ forex window
The naira extended its decline on Monday at the Investors’ and Exporters’ Foreign Exchange Window, falling by 0.59 percent against
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Rewane sees further devaluation as naira wobbles against dollar
The Nigerian currency is expected to be further devalued this year as it is overvalued by 28.79 percent, a renowned
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Cryptocurrency ban: Is CBN on collision course with SEC?
The prohibition of cryptocurrency transactions in Nigeria has raised questions about whether the Central Bank of Nigeria and the Securities
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Nigerian central bank orders closure of cryptocurrency accounts
The Central Bank of Nigeria has directed banks and other financial institutions in the country to close all cryptocurrency accounts
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Nigerian stocks post N1.13tn monthly gain, forex reserves up $1bn
Investors in the Nigerian stock market recorded a total gain of N1.13 trillion in January as the market capitalisation of
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Naira falls to 480/$ despite rising forex reserves
The naira extended its decline on Tuesday, falling to 480 against the dollar at the parallel market, despite the rise
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