CBN - Central Bank Of Nigeria
Speculators lose big as naira remains stable, CBN releases new FX rates
The naira's rally in the official and parallel markets has seen speculators losing over N10,000 as they rush to offload their foreign exchange holdings.
“Streamline Export processes”: Exporters lament how bottlenecks led to loss of $10 million in 5 days
Barely a week after the integration of the CBN Export Proceeds System, Exporters cry out that the system has failed to live up to expectations, leading to losses
Access, Zenith, FCMB, Fidelity reject N4.84bn subscriptions from investors as CBN deadline nears
Access Bank, Zenith Bank, FCMB, and Fidelity Bank have announced the rejection of N4.84 billion offers from investors wishing to acquire shares in the banks.
Fidelity Bank gets approval to proceed with second phase of its capital-raising initiatives
Following successful conclusion of first phase of its capital-raising activities, Fidelity Bank secured approval of shareholders to proceed with the second phase.
Nigeria’s foreign reserves hit 5-month low, depreciates by $1.38 billion as naira remains stagnant
Nigeria's foreign exchange reserves have depleted by $1.38 billion, hitting a five-month low as the CBN's data shows that Nigeria's reserves are now $39.497bn
N1,500/$: CBN releases latest naira to dollar, pound, euro, other currencies exchange rates
The value of the Naira has improved against the United States Dollar in the unofficial foreign exchange market but remained unchanged in the official FX market.
Dollar bounces back, appreciates against naira in official market
The Central Bank of Nigeria has released the latest exchange rates for the Naira against other currencies as the value of the Dollar appreciates in the NAFEM window.
Did CBN unveil ₦5000 note with Tinubu's image? Fact emerges
Fact about the alleged N5,000 new note with the image of President Bola Tinubu on it has emerged. The note was allegedly released by the Central Bank of Nigeria.
Cash crunch: Nigerian banks borrow record N1.2 trillion from CBN in a single day
Due to a lack of cash in the financial system, Nigerian banks have taken a record N1.2 trillion loan from the CBN to keep their operations running.
CBN - Central Bank Of Nigeria
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