The naira appreciated by one point against the US dollar after the Central Bank injected dollars into the Nigerian market on Friday. Bola Onadele, managing director of the FMDQ, a
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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has assured commercial banks that the Treasury Single Account (TSA) is no reason to panic. While ruling out a devaluation
Nigeria’s foreign exchange reserves have fallen by $940 million (N185 billion), a 2.97 percent from what was obtainable in August, the Central Bank has confirmed. The reserves now stand at
The Central Bank of Nigeria (CBN) has advised state governments to adopt the federal government’s system of using a single
The Central Bank of Nigeria has said Nigerian banks do not like to take risks, but rather play safe while
Latest data from the Central Bank of Nigeria (CBN) indicates that foreign exchange reserves rose by $350 million to $31.43
Nigeria’s principal source of foreign exchange hit a 6-year-low on Thursday as it fell by 4% on the international market
The unusual trading of the Nigerian naira continued on Wednesday, as the currency recovered from a dramatic fall to 235
Latest data from the Central Bank of Nigeria indicates that foreign exchange reserves rose to $30.69 billion in July, an
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