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Nigeria Nigerian Naira Experiences Remarkable Appreciation, Surges to N1,040 Against the Dollar in Parallel Market
In a surprising turn of events, the Nigerian naira witnessed a remarkable appreciation against the U.S. dollar in the parallel section of the foreign exchange market. On Friday, the local currency soared by N145, marking a substantial increase of 12.24 percent, reaching the impressive exchange...- Nigeria News
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- 2 min read
- cbn exchange rate monetary policy
- Category: Business
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Nigeria Nigerian Naira Gains Ground Against Dollar as Central Bank Tackles FX Backlog
The Nigerian naira has seen a significant uptick, reaching N1,120 against the US dollar, marking a 4.27% appreciation compared to its previous rate of N1,170. This positive shift comes in response to the Central Bank of Nigeria's (CBN) ongoing efforts to clear its backlog of foreign exchange...- Nigeria News
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- 2 min read
- aminu gwadabe cbn nigeria exchange rate
- Category: Business
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Nigeria JP Morgan's Bold Forecast: Naira to Strengthen to N850/$ by Year-End Amidst Challenges
In a groundbreaking report, JP Morgan Chase & Co has unveiled an ambitious prediction for the Nigerian Naira's exchange rate. The financial giant expects the Naira to appreciate significantly against the US Dollar, reaching N850/$ by the end of the year. This projection has ignited intrigue...- Nigeria News
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- 3 min read
- cbn currency exchange rate exchange rate in nigeira jp morgan chase & co
- Category: Business
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Nigeria Central Bank of Nigeria Delays Phaseout of Old Naira Notes
The Central Bank of Nigeria (CBN) has extended the validity of old N200, N500, and N1000 naira notes, defying its earlier announcement that these banknotes would cease to be legal tender by December 31, 2023, in compliance with a Supreme Court verdict. This decision comes after former CBN...- Nigeria News
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- 1 min read
- cbn new naira notes nigerian economy yemi cardoso
- Category: Business
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Nigeria CBN Refutes Rumors of Naira Redenomination, Citing Misleading Narratives and Speculation
The Central Bank of Nigeria (CBN) has issued a statement to dispel rumors of plans to redenominate the country's legal tender. The CBN's Director of Corporate Communications, Isa AbdulMumin, clarified the bank's position amid growing speculation about a potential redenomination policy. The...- Nigeria News
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- 1 min read
- cbn cbn governor yemi cardoso
- Category: Business
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Nigeria Naira Strengthens to N1,150/$ at Parallel Market Amidst Easing Forex Scarcity
The Nigerian Naira experienced a significant appreciation in the parallel market on Monday, as it strengthened to N1,150 per US dollar, marking a remarkable 6.5% increase from its previous rate of N1,230 last Friday. This improvement signals a positive shift in Nigeria's foreign exchange...- Nigeria News
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- 2 min read
- cbn exchange rate in nigeria
- Category: Business
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Nigeria Former CBN Governor Godwin Emefiele Released from Custody, Faces Fresh Legal Scrutiny
Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been released from custody and promptly taken into the custody of the Economic and Financial Crimes Commission (EFCC). He had been held by the Department of State Services (DSS) since June following his suspension by...- Nigeria News
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- 1 min read
- cbn godwin emefiele olayemi cardoso
- Category: Politics
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Nigeria Naira Weakens to N1,186/$1 in P2P Market Amidst Persistent Forex Woes and Global Economic Concerns
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...- Nigeria News
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- 2 min read
- cbn exchange rate today nigeria's nsira
- Category: Business
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Nigeria Naira Weakens to N1,186/$1 in P2P Market Amidst Persistent Forex Woes and Global Economic Concerns
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...- Nigeria News
- Article
- 2 min read
- cbn exchange rate today nigeria's nsira
- Category: Business
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Nigeria Central Bank of Nigeria Blames 43 Banned Items for Naira's Exchange Rate Woes
The Central Bank of Nigeria (CBN) has attributed the growing disparity between the official and black market exchange rates to the ban on 43 items implemented in 2015. In a press release titled "WHAT YOU NEED TO KNOW ABOUT CBN’S LIFTING OF FOREX RESTRICTIONS ON 43 ITEMS," the CBN explained that...- Nigeria News
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- 1 min read
- cbn exchange rate disparity linda ikeji
- Category: Business
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Nigeria Central Bank of Nigeria Lifts 8-Year Forex Restrictions on 43 Key Items
The Central Bank of Nigeria (CBN) has lifted foreign exchange restrictions on 43 items that had been in place for eight years. In a statement released on October 12, the CBN's director of corporate communications, Dr. Isa AbdulMumin, announced a significant shift in the foreign exchange market...- Nigeria News
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- 1 min read
- cbn economic reforms import restrictions
- Category: Metro
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Nigeria How Former CBN Governor Emefiele Tried to Meddle with 2023 Elections - Akpabio
On Tuesday, during the screening of Olayemi Cardoso, the nominee for the position of CBN governor, and four deputy governor nominees, Senate President Godswill Akpabio accused former CBN Governor Godwin Emefiele of attempting to sabotage the last general election through the introduction of the...- Nigeria News
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- 1 min read
- cbn godswill akpabio yemi cardoso
- Category: Politics
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Nigeria New CBN Governor Unveils Ambitious Plan to Catapult Nigeria's GDP to $1 Trillion in Just 8 Years
Dr. Olayemi Cardoso, the newly confirmed Governor of the Central Bank of Nigeria (CBN), has unveiled ambitious plans to boost the country's Gross Domestic Product (GDP) to $1 trillion within eight years. During his confirmation hearing before the Senate, Cardoso outlined strategies, including...- Nigeria News
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- 2 min read
- cbn cbn governor olayemi cardoso
- Category: Business
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Nigeria Senate to Grill Acting CBN Governor, Yemi Cardoso and Deputy Nominees Today
The Nigerian Senate resumed its plenary session on Tuesday following a six-week recess. During the session, the Senate entered into a closed-door meeting to discuss various national issues. Among the top priorities on the agenda was the screening and confirmation of Olayemi Cardosos, who had...- Nigeria News
- Article
- 1 min read
- cbn emem nnana usoro muhammad sani abdullahi dattijo nass olayemi cardoso philip ikeazor
- Category: Politics
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Nigeria CBN's Big Reveal: Say Goodbye to Paperwork as Microfinance Bank Licensing Goes Digital
The Central Bank of Nigeria (CBN) has introduced an online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP) for microfinance bank (MFB) license applications. This new digital platform will replace the previous manual submission process for MFB license...- Nigeria News
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- 1 min read
- cbn mfb license micheal cardoso
- Category: Business
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Metro Emefiele's Troubles Deepen: Investigators Probe CBN and NIRSAL
The special investigator appointed by President Bola Tinubu, Jim Obazee, and his support team are set to begin questioning officials implicated in alleged wrongdoing at the Central Bank of Nigeria (CBN) and related entities. This development comes after the dismissal and subsequent arrest of...- Nigeria News
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- cbn former cbn governor godwin emefiele nigeria news
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- Forum: Metro News Links
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Business CBN's Expenditure Report: ₦74.84 Billion Used for Naira Redesign and Currency Matters in 2022
The Central Bank of Nigeria (CBN) incurred approximately ₦74.84 billion in expenses during 2022 due to the naira redesign policy and other currency-related matters. These expenses encompassed the printing, processing, distribution, and disposal of currency notes, including factors like raw...- Nigeria News
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- cbn firs godwin emefiele nigeria news
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- Forum: Business News Links
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Politics CBN Unveils Fresh Guidelines For Forex Sale By BDCs Two Years After Ban - Channels TV
https://www.channelstv.com/2023/08/18/cbn-unveils-fresh-guidelines-for-forex-sale-by-bdcs-two-years-after-ban/- Nigeria News
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- cbn channels tv news nigeria news
- Replies: 0
- Forum: Political News Links
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Metro Falana drags CBN to court over floating of Naira - Vanguard Newspaper
https://www.vanguardngr.com/2023/08/falana-drags-cbn-to-court-over-floating-of-naira/- Nigeria News
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- cbn nigeria news vanguard news
- Replies: 0
- Forum: Metro News Links
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Business Naira nears N1000/1$, raises concerns amid CBN probe - Daily Post
https://dailypost.ng/2023/08/15/naira-nears-n1000-1-raises-concerns-amid-cbn-probe/- Nigeria News
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- cbn daily post news exchange rate in nigeria nigeria news
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- Forum: Business News Links
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