CBN - Central Bank Of Nigeria
The Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji, has said that selling crude oil to Dangote and other local refineries will save Nigeria FX.
Nigerian banks, traders who participated in trading in the Nigerian Autonomous Foreign Exchange Market (NAFEM) quoted new exchange rate higher than black market.
Summit Bank has announced that it has received approval from the Central Bank of Nigeria to begin operations as the latest Islamic bank in the country.
Despite the central bank's efforts to sustain it—including raising interest rates for a record 12 sessions this week—the naira has fallen to a four-month low.
One staple food that seems to have disappeared from many families' meals is yam; a tuber now sells for N10,000, from N3,000 or N3,500 during the same time last year.
Nigerian banks, in adherence to the Central Bank of Nigeria loan policy, have extended more loans to their customers through various products and services.
SERAP on Sunday, July 28, alleged that grave violations by the CBN are directly linked to its failure to comply with its Acts and anti-corruption standards.
The naira crashed to a new low after the Central Bank of Nigeria (CBN) announced the sales of Forex to 29 authorised dealers. the naira traded at N1,509 at NAFEM.
The Central Bank of Nigeria has again intervened in the foreign exchange market against the US dollar as it aims to crash the dollar by improving liquidity.
CBN - Central Bank Of Nigeria
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