Banks offload $3.3 billion amid the Central Bank’s efforts to counter a recent decline in the value of the naira
The naira experienced a fresh decline in both the official and parallel foreign exchange markets on Friday.
The national currency dropped to N1,670/$ at the...
CBN divides a $134 million bank transfer to prevent any infractions, according to the AuGF report
The recent Auditor General of the Federation report reveals that the Central Bank of Nigeria, during the previous administration, divided a $134 million transfer...
Banks offload $3.3 billion amid the Central Bank’s efforts to counter a renewed decline in the naira
The naira experienced a renewed decline in both the official and parallel foreign exchange markets on Friday.
The national currency depreciated to N1,670/$ from the...
The Naira hits a historic low in the official market
The Nigerian naira hit a historic low of N1,534 against the US dollar on the official Nigerian Autonomous Foreign Exchange Market on Monday, marking...
CBN will withhold Ways and Means support for the federal government until the outstanding debt is settled, according to Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the apex bank will cease providing Ways and Means to the Federal...
