Tag: CBN
Naira strengthens 0.14% after week of fluctuations
Naira The Naira closed stronger on Friday in the official market, trading at N1,599.55 to the Dollar, ending a week marked by fluctuations. This...
Global Currency Allignments:Naira slides against Euro as parallel market pressure mounts
The Nigerian naira came under renewed pressure on Monday, sliding to ₦1,845 per euro on the parallel market, as the euro extended its bullish run against the...
Nigerian banks ready for recapitalisation, rising globally – CBN
The Central Bank of Nigeria (CBN) has affirmed the preparedness of the Nigerians banks for the ongoing recapitalisation exercise. The Director of Banking...
And the next INEC chairman is…
By Bola BOLAWOLE turnpot@gmail.com 0705 263 1058 Two dangerous rumours grew wings and spread like wide fire in the harmattan haze last week, but thank goodness...
$23bn net foreign exchange reserves ‘ll stablise exchange rate- Uwaleke
Yemi Cardoso,CBN Governor A financial expert, Prof. Uche Uwaleke, says the current size of Net Foreign Exchange Reserves (NRER) at 23.11 billion dollars will...
CBN reports strongest net reserve position in over three years
Dr Yemi Cardoso,CBN Governor The Central Bank of Nigeria has reported a substantial improvement in its Net Foreign Exchange Reserve position as of the end of...
Nigeria’s foreign debt service hits $5.47 bln amidst fluctuating FX remittances.
Yemi Cardoso,CBN Governor Nigeria’s Central Bank of Nigeria (CBN) reports that foreign debt service obligations reached approximately $5.47 billion between January...
Nigeria’s foreign debt service hits $5.47 bln amidst fluctuating FX remittances.
Nigeria’s Central Bank of Nigeria (CBN) reports that foreign debt service obligations reached approximately $5.47 billion between January 2024 and February...
CBN calls for urgent action over Naira abuse and commoditization
Photo:CBN Governor, Olayemi Cardoso The Central Bank of Nigeria (CBN) has sounded the alarm over the growing trend of illicit transactions involving...
Ways and Means Facility : Senate accuses CBN of frustrating investigation
Caption : Central Bank of Nigeria The Senate Ad hoc Committee investigating the N30 trillion Ways and Means facility granted to the federal government has...
