CBN - Central Bank Of Nigeria
Report predicts drop in inflation, new exchange rate by year end
According to Norrenberger, Nigeria's inflation is predicted to decline year end as long as efforts by the country's fiscal and monetary authorities are strengthened.
Massive boost for naira as Nigeria’s external reserves add $2.29 billion in 3 months, now $38.9bn
Nigeria's external reserves rose by $2.29 billion in three months, hitting $38.92 billion in October as diaspora inflow grows and oil prices rise globally.
Dollar exchange rate drops by over N60 as naira bounces back after CBN intervention
The Nigerian currency has appreciated in value against the US dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX), the official market.
FG secures funding to establish new bank, names beneficiaries
The President of the Africa Development Bank (AfDB), Akinwunmi Adesina, has said the bank has approved $100 million for the establishment of a Youth Bank in Nigeria.
VFD Bank denies N8m sanction by CBN, SEC as Nigerian banks strengthen core banking platforms
VFD Microfinance Bank has denied a report that it was fined N8m by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC)
GTBank issues another update for all customers after system upgrade
Guaranty Trust Bank (GTBank) has shared a new update to its customers following the migration to a new core banking application system, which affected service.
CBN sends urgent message to dealers as naira nears N2,000/$ in black market
Authorized dealers who take advantage of the foreign exchange system will face consequences, according to Olayemi Cardoso, governor of the Central Bank of Nigeria.
Naira sinks lower in official market, nears N2,000/$ in black market
The naira depreciated again in the official foreign exchange market, and the parallel window on Thursday, October 17, 2024, closed at N1,660.49 per dollar and N1,700
CBN clarifies role in forex market as naira crashes to N1,660/$1
Olayemi Cardoso, the governor of the Central Bank of Nigeria, has provided the reasons for the naira's free fall against the US dollar and other currencies.
CBN - Central Bank Of Nigeria
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