CBN - Central Bank Of Nigeria
Black market traders set new dollar rate as naira falls in official market, gap widens
The official exchange rate for the naira fell against the dollar, prompting black market traders to set a new rate, as the CBN's efforts falls flat.
Naira continues free fall in all markets as Africa’s largest bank predicts New FX rate in 2024
The naira crashed again on Friday, May 13, 2024, against the US dollar in the parallel and official markets, closing at N1,478 and N1,520, respectively.
PoS operators to sue CAC over registration order as agency insists on July deadline
Point of Sale (PoS) operators have disclosed plans sue the Corporate Affairs Commission (CAC) over its directive to register operators by July 2024.
“It’ll boost the naira”: Nigerians abroad send home $282m as remittances in 3 months
The Nigerian economy received $282 million in diaspora remittances in the first three months of this year as experts forecast more inflows in 2024.
CBN adjusts import duty rate again after naira’s crash against dollar
The Central Bank of Nigeria (CBN) again adjusted the exchange rate for duty clearance to N1,457.014, following the naira's crash against the dollar.
Again, naira crashes against US dollar in all FX markets, traders quote new exchange rate
Nigerian currency, the naira, once again depreciated in value against the United States dollar in both the official and unofficial foreign exchange markets.
CBN names factors that drive the supply of dollar as naira crashes again
The CBN's dollar supply for foreign medical and educational expenses rose by 49.22% to $1.81 billion in the nine months from January to September 2023.
“We are launching soon” Zenith Bank to change name, structure, gives reasons
Zenith Bank is set to change its name and has secured necessary approval from its shareholders to go ahead with the restructuring plan for the future.
Nigerians react as Thailand moves to auction off 10-year-old rice amid high cost in Nigeria
Reports have emerged that the Thai authorities plan to auction off 150,000 sacks of 10-year-old rice kept in warehouses across the country to generate revenue.
CBN - Central Bank Of Nigeria
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