CBN - Central Bank Of Nigeria
Nigeria’s FX reserves hit $40 billion as naira tumbles in official, Black Markets
The governor of the Central Bank of Nigeria (CBN) has disclosed that the bank's policies raised Nigeria's FX reserves to a 33-month high of $40 billion.
New exchange rate as naira reverses gain, falls against US dollar in official and black market
The value of the Nigerian currency, the naira, continued its free fall against the United States dollar in the foreign exchange market, and it could get worse.
CBN clarifies position on converting foreign currency in domiciliary accounts to naira
The Central Bank of Nigeria (CBN) has disclosed that commercial banks must allow domiciliary account holders to convert their foreign currencies to naira.
CBN Gives new orders to Access, UBA, Zenith on dorm account openings
The Central Bank of Nigeria (CBN) has asked commercial, merchant and other non-interest banks to open domiciliary accounts for participants in new scheme.
N1bn for distribution: Bank of industry announces loan for Nigerian businesses as hardship persists
The FG established the N75 billion Manufacturing Sector Fund, and the Bank of Industry (BOI) has announced plans to lend up to N1 billion to 140 businesses.
Marketers speak on delivering N150bn petrol across Nigeria as filling stations crash prices
Over 1000 tankers carry petroleum products worth N150 billion every day across the country, according to Abubakar Shettima, National President of the IPMAN.
Naira makes great recovery in official and black marketsafter depreciating to lowest
The naira recovered in the official and black markets on November 7, 2024, after falling to its lowest the day earlier as the US dollar rebounded strongly.
Good news as Nigeria woos South African investors into $700bn mining sector
Nigeria is targeting as much as $500 million in initial investment from foreign investors into its solid minerals sector as it began a 4-day roadshow in South Africa
CBN hikes exchange rates for importers as dollar strengthens amid Donald Trump’s win
The Central Bank of Nigeria (CBN) has hiked the Customs exchange rates for cargo clearance in Nigeria's ports as the Nigerian currency, the naira fell.
CBN - Central Bank Of Nigeria
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