Legit on MSN1d
Why CBN hiked FX rates for cargo clearance in Nigeria's ports
Following the depreciation of the Nigerian currency, the Central Bank of Nigeria (CBN) has adjusted the exchange rate for ...
Legit on MSN2d
Nigeria’s FX Reserves Depreciate by $1.19 Billion Amid CBN’s Move to Defend Naira, Service Debts
Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise ...
Zawya1d
Nigeria: Surging yields luring foreign investors to return
At the last meeting in September, the monetary authorities extended the bench- mark rate to 27.25%, a new record ...
Daily Post Nigeria on MSN16h
Fidelity Bank investors affirm support with 238% oversubscription in first phase of equity capital raise
Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity ...
businessday3d
Nigeria’s external reserves down by $1.19bn in 25 days
Nigeria’s external reserves decreased by about $1.19billion in just three weeks and five days. According to data from the CBN ...
Daily Post Nigeria on MSN1d
CBN lists conditions for sale of FX to BDC operators
The Central Bank of Nigeria, CBN, has issued guidelines for the sale of foreign exchange (FX) to Bureaux De Change, BDC, ...
TheCable2d
‘Purchase $25k weekly from one bank, render returns’ — CBN issues FX guidelines for BDCs
The Central Bank of Nigeria (CBN) has introduced new regulations limiting bureau de change (BDC) operators to purchasing a ...
Sahara Reporters4d
Central Bank Ex-Governor Emefiele In Procurement Fraud Trial Seeks To Stop EFCC From Presenting Additional Witnesses
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has asked the Federal Capital Territory (FCT) High Court in ...
Nairametrics3d
Nigeria’s FX reserves fall by $1.16 billion in January as CBN boosts dollar sales to BDCs
Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded ...
Nairametrics2d
Excess government spending poses biggest challenge to monetary policy in Nigeria – MPC member
Meanwhile, Ikeazor advocated for more decisive monetary policy actions to curb inflation and maintain economic stability. He noted that while monetary tightening has come at the expense of economic ...
Nigerian Tribune on MSN10d
Nigeria: CBN to commence payment of Forex backlog
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the completion of forensic verification to ...