The Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495 for one dollar to 26 banks through a special auction.Dr. Omolara Omotunde Duke, Director of the Financial Markets Department, signed a statement about this.The statement said the...
The naira, Nigeria's currency, has gained value and is now worth less than 1,600 naira for 1 US dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window.
According to data from the Financial Market Quotation...
The Central Bank of Nigeria (CBN) announced that its new policies are working. Between January and June, the forex flows increased to $25.4 billion, which is a 55% rise compared to last year.
CBN explained that this growth was because...
The Central Bank of Nigeria (CBN) wants everyone to understand the rules for taking out and bringing back foreign investments related to the Certificate of Capital Importation (CCI).Dr. W.J. Kanya, who is in charge of the Trade & Exchange...
Sure! Here’s the rewritten blog post using simple English that can be easily understood:
The Central Bank of Nigeria (CBN) held a Retail Dutch Auction on August 6, 2024. Nine companies bought a total of $25.76 million to...
The big boss of FCMB Group, Ladi Balogun, said only about 10% of the bank's foreign exchange (FX) gains in 2023 are actually money they have in hand.
He said this during a meeting called "Facts Behind the Offer" at...
The Naira has fallen to its lowest since April, even though the US dollar isn't very strong right now.
Right now, the dollar is at about 104 points compared to other world...
On Monday, July 29th, 2024, the value of the naira compared to the dollar dropped to the lowest it has been in four months. It reached N1,611 on the official Investor and Exporter window.
This information...
The exchange rate between Nigeria's naira and the US dollar dropped to a four-month low of N1,611 on Monday, July 29th, 2024, in the official Investor and Exporter window.
This information comes...
