Naira
CBN releases details of dollar sales to banks at N1,495/1$ cut-off exchange rate
The Central Bank of Nigeria conducted a Retail Dutch Auction, approving successful bids at an exchange rate below what is traded in the NAFEM window.
Full list: Six Nigerian banks missed out as CBN reintroduces 1980s policy, sells dollar at N1,495/$1
The Central Bank of Nigeria (CBN), Retail Dutch Auction System (DAS) has kicked off and in the first sale over $800 million was sold to 26 banks.
“Naira is gaining”: CBN predicts new exchange rate as dollar crashes again, FX Reserves rise
The Nigerian naira has gained further against the US dollar for three days, trading at N1,593.57 per dollar in the official market, and N1,595/$ in the black market.
CBN clarifies instructions on foreign exchange manual, gives order
The CBN has provided a clarficiation on its foreign investment rules, requiring evidence of capital importation and redemption of local assets by investors.
CBN crashes dollars for banks, sets new exchange rates as naira gains 3 days in a row
The Nigerian currency, the naira continued its gain in the official market on Wednesday, trading at N1,597.52 per dollar after the CBN sold Forex to dealers banks.
Currency in circulation hits N4 trillion, money outside bank reaches 93.6% amid naira gains
The Central Bank of Nigeria has reported a growth in the amount of currency in circulation, which hit a high of N4.04 trn, and money outside the banks at N3.87trn
Naira reacts CBN sells cheap dollars to Nigerians through 26 banks
The Central Bank of Nigeria (CBN) has auctioned $876 million to 26 banks as it aimed to boost Foreign exchange liquidity, with $313.69 million in bids disqualified.
Nigeria’s 4 richest men climb world billionaire ranking as their wealth grows
Nigeria's leading industrialist, Aliko Dangote, alongside other prominent business tycoons, witnessed a substantial increase in their net worth over just 24 hours.
Boost for naira as CBN takes another decision to crash dollar exchange rate
The Central Bank of Nigeria (CBN) will be interested in the foreign exchange markets by selling dollars at a retail auction, responding to rising forex demand.
Naira
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