The Central Bank of Nigeria (CBN) has reviewed the daily foreign currency trading positions of banks. The apex bank directed that foreign exchange bought either from autonomous or interbank market
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The senate has approved the nomination of Joseph Nnanna (pictured middle) as the deputy governor of Central Bank of Nigeria (CBN). Nnanna’s confirmation followed consideration of the report on his
The naira appreciated against the dollar at both the official and parallel markets, a survey conducted by NAN in Lagos, revealed on Friday. At both segments, the naira gained three
Obida Wafure, a doctor of economics at the University of Abuja, believes that the recent devaluation of the naira by the Central Bank of Nigeria (CBN) would trigger unemployment and closure
The exchange rate for the dollar in Abuja “black market” on Wednesday stood between N182 and N186,the news Agency of
The federal house of representatives on Thursday stopped an amendment act of the Asset Management Corporation of Nigeria (AMCON) proposing a
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) was split in its decision to retain monetary interest rates at