Naira weakens at parallel market, rises at official
The naira strengthened at the official window on Monday, after the Central…
Cardoso: We Inherited $7 Billion FX Backlog, Anticipates Clearing $2 Billion Balance Soon
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the…
CBN Clarifies: No Intention to Convert Funds in Domiciliary Accounts to Naira
Nigeria’s central bank has said there was no plan to convert the…
CBN Takes Action Against Banks for Withholding $5 Billion Amidst Naira Depreciation
The Central Bank of Nigeria (CBN) hit the nail on the head…
CBN Directs Banks to Sell Excess Dollars Within 24 Hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the…
CBN Warns FX Dealers Against Manipulation as Naira Slides to N1,500
Amid sustained slide of naira, which currently trades around N1,500 in exchange…
1,500 CBN Staff Redeployed, Commence Work at Lagos Office
At least 1,500 members of staff of the Central Bank of Nigeria…