central bank of nigeria

  1. Today's Naira Rate [04-02-2025]: Naira Hits N1,590/$1 in Parallel Market Amid Forex Fluctuations

    Nigeria Today's Naira Rate [04-02-2025]: Naira Hits N1,590/$1 in Parallel Market Amid Forex Fluctuations

    The Nigerian Naira saw a significant appreciation in the parallel market on Monday, strengthening to N1,590 per US dollar from N1,610 the previous week. However, in the official foreign exchange market, the currency depreciated to N1,495.60 per US dollar, down from N1,474.78. The Nigerian...
    • Nigeria News
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    • 2 min read
    • central bank of nigeria exchange rate forex fluctuation naira parallel market
    • Category: Business
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    Business CBN approves listing of CFA on NXP forms for export repatriation proceed - PM News

    https://pmnewsnigeria.com/2025/02/01/cbn-approves-listing-of-cfa-on-nxp-forms-for-export-repatriation-proceed/
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    Business Nigeria’s inflation would’ve hit 42.81% in December 2024 – Cardoso - Daily Post

    https://dailypost.ng/2025/01/31/nigerias-inflation-wouldve-hit-42-81-in-december-2024-cardoso/
  4. Today's Naira Rate [29-01-2025]: Naira Strengthens to ₦1,640/$ as Central Bank Reforms Take Effect

    Nigeria Today's Naira Rate [29-01-2025]: Naira Strengthens to ₦1,640/$ as Central Bank Reforms Take Effect

    The Nigerian naira strengthens to ₦1,640 per dollar in the parallel market, reflecting positive trends amid ongoing reforms by the Central Bank of Nigeria (CBN). The CBN’s policy interventions, including the launch of EFEMS and the FX code, are expected to stabilize the currency and attract...
    • Nigeria News
    • Article
    • 2 min read
    • central bank of nigeria foreign exchange market parallel market
    • Category: Business
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    Business Wema Bank to raise N200bn via rights, private placement - Punch Newspaper

    https://punchng.com/wema-bank-to-raise-n200bn-via-rights-private-placement/
  6. Today's Naira Rate [16-01-2025]: Naira Depreciates Across Markets as Parallel Rate Hits N1,670/$

    Nigeria Today's Naira Rate [16-01-2025]: Naira Depreciates Across Markets as Parallel Rate Hits N1,670/$

    The Naira has depreciated to N1,670 per dollar in the parallel market, while its official rate stands at N1,550 per dollar. This shift reflects the widening gap between the parallel and official exchange markets, as reported by the Central Bank of Nigeria. The Naira experienced further...
    • Nigeria News
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    • 1 min read
    • central bank of nigeria foreign exchange market naira depreciation official exchange rate parallel market
    • Category: Business
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    Business First City Monument Bank Announces Appointment of Executive Director - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2025/1/first-city-monument-bank-announces-appointment-of-executive-director.html
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    Business Debt servicing gulps N8.94tr in 9 months as deficit widens - The Sun

    https://thesun.ng/debt-servicing-gulps-n8-94tr-in-9-months-as-deficit-widens/?amp
    • Kayode Israel
    • Thread
    • central bank of nigeria naija news president bola ahmed tinubu the sun news tileriwa adebayo
    • Replies: 0
    • Forum: Business News Links
  9. Today's Naira Rate [31-12-2024]: Naira Sees Improvement as Parallel Market Rate Drops to N1,650

    Nigeria Today's Naira Rate [31-12-2024]: Naira Sees Improvement as Parallel Market Rate Drops to N1,650

    The Nigerian Naira appreciated to N1,650 per dollar in the parallel market on December 31, 2024, from N1,655 the previous day. In the official market, the currency strengthened to N1,535 per dollar. The Central Bank of Nigeria plans policy changes to reduce the gap between the parallel and...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria naira appreciation naira to dollar exchange rate nigerian currency parallel market exchange rate
    • Category: Business
  10. Today's Naira Rate [25-12-2024]: Naira’s Depreciation Continues as Parallel Market Hits N1,650/$

    Nigeria Today's Naira Rate [25-12-2024]: Naira’s Depreciation Continues as Parallel Market Hits N1,650/$

    The Naira has depreciated to N1,650 per US dollar in the parallel market, continuing its downward trend. While the official market shows a slight improvement to N1,537 per dollar, the gap between the two markets widens, posing challenges for Nigeria's currency stability as analysts forecast...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria forex market stability naira depreciation nigeria exchange rate parallel market
    • Category: Business
  11. Today's Naira Rate [12-12-2024]: Naira Slips to N1,720/$ as FX Rate Gap Widens by N175

    Nigeria Today's Naira Rate [12-12-2024]: Naira Slips to N1,720/$ as FX Rate Gap Widens by N175

    The naira depreciated to N1,720 per dollar in the parallel FX market on December 11, 2024, widening the gap between official and parallel rates to N175. This marks a continuation of the naira's decline, which has affected both markets amid economic uncertainty in Nigeria. The naira has continued...
    • Nigeria News
    • Article
    • 2 min read
    • central bank of nigeria fx market gap naira depreciation parallel market
    • Category: Business
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    Business Nigeria’s money supply rises 48% to N107.7trn - Vanguard News

    https://www.vanguardngr.com/2024/12/nigerias-money-supply-rises-48-to-n107-7trn/
  13. Naira Climbs to N1,535: Black Market Operators Forecast Further Gains to N1,200

    Nigeria Naira Climbs to N1,535: Black Market Operators Forecast Further Gains to N1,200

    The Naira has increased to N1,535 in the official market and N1,555 in the black market, driven by the Central Bank of Nigeria's new Electronic Foreign Exchange Matching System (EFEMS). Black market operators predict further gains, with projections reaching N1,200 for the Naira by next week...
    • Nigeria News
    • Article
    • 2 min read
    • black market exchange rate central bank of nigeria efems forex system naira appreciation usd to naira exchange rate
    • Category: Business
  14. Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop

    Nigeria Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop

    The Naira appreciated in the parallel market, trading at N1,550 per dollar, gaining N5 from last weekend. However, the official market saw a slight depreciation of N1,538. The exchange rate gap between the two markets narrowed to N12, reflecting ongoing stabilization efforts by the Central Bank...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate naira appreciation parallel market
    • Category: Business
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    Business Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th December 2024 - NaijaNews

    https://www.naijanews.com/2024/12/04/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-4th-december-2024/
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    Business CBN to retire 1,000, offers N50bn payoff - Daily Trust

    https://dailytrust.com/cbn-to-retire-1000-offers-n50bn-payoff/
    • Kayode Israel
    • Thread
    • central bank of nigeria daily trust news godwin emefiele naija news nigeria news olayemi cardoso
    • Replies: 0
    • Forum: Business News Links
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    Business CBN overhauls FX Market Rules, issues new guidelines with wide ranging implications - Nairametrics

    https://nairametrics.com/2024/12/01/cbn-overhauls-fx-market-rules-issues-new-guidelines-with-wide-ranging-implications/
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    Business 29 banks fined N15bn for anti-money laundering, counter-terrorism violations - Businessday

    https://businessday.ng/banking-finance/article/29-banks-fined-n15bn-for-anti-money-laundering-counter-terrorism-violations/
  19. MPC Expected to Raise Interest Rates Again to Combat Inflation and Fiscal Issues

    Nigeria MPC Expected to Raise Interest Rates Again to Combat Inflation and Fiscal Issues

    The Central Bank of Nigeria's Monetary Policy Committee (MPC) is expected to raise interest rates again at its final meeting of 2024, addressing rising inflation and fiscal pressures. Analysts predict a 25-50bps increase, aiming to stabilize prices, manage money supply growth, and attract...
    • Nigeria News
    • Article
    • 2 min read
    • central bank of nigeria inflation in nigeria interest rate hike monetary policy mpc meeting
    • Category: Business
  20. MultiChoice Faces Financial Setback as $21 Million Is Forfeited Due to Heritage Bank’s Collapse

    Nigeria MultiChoice Faces Financial Setback as $21 Million Is Forfeited Due to Heritage Bank’s Collapse

    MultiChoice forfeited a $21 million deposit with Heritage Bank after the bank's liquidation in 2024. The loss is part of the company's financial challenges in Nigeria, including a drop in cash remittances and subscriber losses, worsened by inflation and naira devaluation. MultiChoice Group has...
    • Nigeria News
    • Article
    • 2 min read
    • $21 million loss central bank of nigeria heritage bank multichoice multichoice group naira devaluation
    • Category: Business

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