central bank of nigeria

  1. Naira Drops to Record 980 per Dollar in Official Market, Reflecting Persistent Dollar Shortages and Economic Challenges

    Nigeria Naira Drops to Record 980 per Dollar in Official Market, Reflecting Persistent Dollar Shortages and Economic Challenges

    Photo by Sunday Abegunde on Unsplash According to Reuters, Nigeria's naira has plummeted to an unprecedented low against the dollar, hitting 980 naira per dollar in the official market. This record devaluation mirrors the ongoing weakness in the parallel market and underscores the persistent...
  2. Nigeria's Central Bank Lifts Forex Ban on 43 Items

    Nigeria Nigeria's Central Bank Lifts Forex Ban on 43 Items

    Image by PublicDomainPictures from Pixabay In a significant move, the Central Bank of Nigeria (CBN) has lifted the eight-year ban on 43 items that were previously restricted from accessing foreign exchange, according to Business Insider Africa. This decision comes as a response to the...
  3. Nigerian Naira Takes a Dive: Why World Bank Calls It One of Africa's Worst-Performing Currencies in 2023

    Nigeria Nigerian Naira Takes a Dive: Why World Bank Calls It One of Africa's Worst-Performing Currencies in 2023

    In a recent report titled "Africa's Pulse," the World Bank has highlighted the sharp depreciation of the Nigerian Naira as one of the key economic challenges facing the African region. According to the report, the Naira has weakened by nearly 40 percent against the US dollar since a mid-June...
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    Business Forex scarcity persists as CBN resumes intervention - Vanguard Newspaper

    https://www.vanguardngr.com/2023/06/forex-scarcity-persists-as-cbn-resumes-intervention/
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    Politics Nigeria’s Economy Is about To Collapse – Sanusi – Naijaloaded

    https://www.naijaloaded.com.ng/news/nigerias-economy-is-about-to-collapse-sanusi
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    Metro Ex CBN Deputy Governor, Mailafia Was Hounded By DSS Till He Died – Sowore – Nairaland

    https://www.nairaland.com/6761497/obadiah-mailafia-hounded-dss-till
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    Metro Governor Okowo defends CBN’s clampdown on cryptocurrency, others – Legit.ng

    https://www.legit.ng/1431206-governor-okowo-defends-cbns-clampdown-cryptocurrency-others.html
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    Metro Spray naira notes, go to jail – CBN warns Nigerians – Daily Post Nigeria

    https://dailypost.ng/2021/06/11/spray-naira-notes-go-to-jail-cbn-warns-nigerians/
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    Business CBN: Nigeria to launch digital currency before year-end – New Telegraph

    https://www.newtelegraphng.com/cbn-nigeria-to-launch-digital-currency-before-year-end/
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    Business Naira battered by US Dollar, Euro, pounds – P.M. News

    https://pmnewsnigeria.com/2021/06/02/naira-battered-by-us-dollar-euro-pounds/
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    Business Cassava: Nigeria to save $580m from CBN’s initiative – New Telegraph

    https://www.newtelegraphng.com/cassava-nigeria-to-save-580m-from-cbns-initiative/
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    Business Emefiele, Trade Minister To Lead Delegation To US-Nigeria Investment Summit – Leadership News

    https://leadership.ng/emefiele-trade-minister-to-lead-delegation-to-us-nigeria-investment-summit/
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    Business Nigeria Will Soon Create Digital Currency — CBN – Nairaland

    https://www.nairaland.com/6572382/nigeria-soon-create-digital-currency
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    Business Naira falls at black market as CBN formally adjusts official rate – Nairametrics

    https://nairametrics.com/2021/05/26/naira-falls-at-black-market-as-cbn-formally-adjusts-official-rate/
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    Business Forex: Speculators to lose N100bn as CBN sustains funding for BDCs – New Telegraph

    https://www.newtelegraphng.com/forex-speculators-to-lose-n100bn-as-cbn-sustains-funding-for-bdcs/
  16. C

    Business Emefiele to critics: CBN’s agric intervention programmes not partial – New Telegraph

    https://www.newtelegraphng.com/emefiele-to-critics-cbns-agric-intervention-programmes-not-partial/
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    Business CBN allows Naira weaken as official rate hits N419 – P.M. News

    https://www.pmnewsnigeria.com/2021/05/15/cbn-allows-naira-weaken-as-official-rate-hits-n419/
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    Business Why Nigeria Can’t Stop Borrowing – CBN – Daily Trust News

    https://dailytrust.com/why-nigeria-cant-stop-borrowing-cbn
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    Business CBN gets order to freeze 194 accounts in 17 banks – Vanguard Nigeria News

    https://www.vanguardngr.com/2021/04/cbn-gets-order-to-freeze-194-accounts-in-17-banks/
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    Business There’s enough forex for obligations – CBN – Vanguard Nigeria News

    https://www.vanguardngr.com/2021/03/theres-enough-forex-for-obligations-cbn/
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