Analysts predict a potential increase in interest rates as the Monetary Policy Committee convenes for its meeting
The Central Bank of Nigeria's Monetary Policy Committee is anticipated to raise the benchmark interest rate at this week's meeting, as suggested by financial...
The Central Bank of Nigeria initiates the sale of dollars to Bureau de Change (BDC) operators
The Central Bank of Nigeria has declared its intent to sell $20,000 in foreign exchange to each eligible Bureau De Change operator nationwide, marking...
CBN offloads more than $300 million to banks, contributing to the strengthening of the naira
The Central Bank of Nigeria injected over $300 million into Deposit Money Banks in the last two weeks as part of determined efforts to...
The exchange rate at the parallel market sees the Naira declining to N2,000 per 1£
Nigeria's local currency is presently surpassing the 2,000 naira mark against the Great Britain Pound in the parallel market, as confirmed by Malam Ibrahim,...
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...
