Naira
“Naira’s crash:” CBN revokes licenses of BDC operators, asks them to re-apply
The Central Bank of Nigeria (CBN) has issued a new guideline to Bureau de Change Operators, asking them to re-apply for new operational licenses.
CBN explains naira depreciation against US dollar, makes new move to stop the fall
The Central Bank of Nigeria has provided an explanation to the depreciation of the naira in the official and unofficial foreign exchange markets.
Nigeria’s foreign exchange market records high dollar supply as naira recovers
The Nigerian foreign exchange market has seen an increase in the supply of forex, leading to the recovery of the naira for three consecutive days.
IMF releases list of least indebted countries in Africa, Nigeria takes position
Nigeria is ranks as the second least indebted nation in Africa according to the International Monetary Fund in spite of the belief that Nigeria is heavily indebted.
New exchange rate as naira appreciates against dollar, pounds, euro in all forex markets
The Nigerian currency has shown a strong performance against the dollar, pound, and euro in both the official and unofficial forex markets as the CBN makes promises.
Naira loses over N1,400 to the pound and euro in one month as dollar crashes
The Nigerian currency has lost ground to the pound sterling and the euro in the last month. Analysis shows that the Nigerian currency depreciated by N1,400.
“It is not working”: Expert speaks as CBN raises interest rate again
Uche Uwaleke, a professor of finance and capital markets, has reacted to the Central Bank of Nigeria Monetary Policy Committee's decision to raise interest rate.
DMO speaks on new debt as Tinubu's government repays Chinese, IMF, other loans
According to Patience Oniha, DG of the DMO, the federal government has raised N4.5 trillion of the N6 trillion domestic borrowing target in the 2024 budget thus far.
Traders sell dollars at new rates as naira recovers for second day amid rise in FX reserves
The Nigerian currency, the naira, appreciated against the dollar for the second day after three weeks, following an increase in foreign exchange turnover.
Naira
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