CBN - Central Bank Of Nigeria
Naira trades at new rate at NFEM as CBN issues stern warning to currency speculators
The naira fell again in the official foreign exchange market on Wednesday, March 26, 2025, trading at N1,537 per dollar from N1,532 the previous day.
Money supply records first decline in 2025, falls to N110 trillion
According to data from the CBN, the country's money supply fell for the first time in 2025, from N110.94 trillion in January to N110.32 trillion in February.
New targets identified as NDIC speaks on shutting down more banks after Heritage
Bello Hassan the NDIC's managing director stated that the organization's goal is to continue liquidating failed bank without the need for court cases and litigation.
CBN speaks on next plan to fight speculators as naira depreciates
The CBN governor said the central bank remains dedicated to maintaining discipline in the country's fx market by identifying and eliminating dishonest participant
CBN speaks as naira crashes against US dollar, traders sell at new exchange rate
The Central Bank of Nigeria has provided insight into its efforts to stabilize the Nigerian forex market as the value of the naira continues to crash.
New exchange rate emerges as naira continues downward spiral towards N1,600 per dollar
The current trend is a source of worry to stakeholders. The widening gap between the official and parallel market rate signify a return to old times.
Nigerian banks borrow N9 trillion from CBN as liquidity scarcity hits
Liquidity balance decreased as a result of a number of market outflows, beginning with a sizable open market operation early March and Treasury bills offer debits.
Naira continues free fall despite CBN intervention as demand for foreign exchange increases
It is now a case of endless demand for the dollar as there are so many market players in need of dollars to facilitate transactions, and only few available.
CBN releases new exchange rate as naira gains in official, black markets against major currencies
The Nigerian currency, the naira rose in value against the dollar, British pound, the euro, and other currencies, appreciating by N1,531 on Friday, March 24, 2025.
CBN - Central Bank Of Nigeria
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