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Featured: Latest Nigerian News
naira stability
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Nigeria CBN Moves to Stabilize Naira, Extends BDCs’ Weekly Forex Window
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau de Change (BDC) operators to purchase $25,000 weekly from banks until May 30, 2025. The extension aims to stabilize forex liquidity and regulate market volatility. Analysts remain divided on its long-term impact on Nigeria’s...- Nigeria News
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- bdc weekly purchase cbn forex extension forex market regulation naira stability nigeria exchange rate
- Category: Business
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![Today's Naira Rate [20-12-2024]: Naira Strengthens to N1,540 with Support from Diaspora and CBN Policies](/data/attachments/211/211612-69b6f5ae7bef1c4982940c2a5eefc526.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [20-12-2024]: Naira Strengthens to N1,540 with Support from Diaspora and CBN Policies
The naira has stabilized at N1,540 in the official market, supported by diaspora remittances, Eurobond proceeds, and the Central Bank of Nigeria’s (CBN) EFEMS system. These factors have improved liquidity and market confidence, with external reserves standing at $40.73 billion, enhancing the...- Nigeria News
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- cbn interventions efems eurobond naira stability nigeria forex market
- Category: Business
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![Today's Naira Rate [30-04-2024]: Naira Remains Firm at 1,350 as CBN Implements Measures to Attract FX Inflows](/data/attachments/203/203480-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [30-04-2024]: Naira Remains Firm at 1,350 as CBN Implements Measures to Attract FX Inflows
The Nigerian naira maintained its position at 1,350 against the US dollar on the parallel market, signaling stability amidst recent economic fluctuations. While the official exchange rate at the Nigerian Autonomous Foreign Exchange Market (NAFEM) saw a decline to 1,419.11 per dollar, the Central...- Nigeria News
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- cbn targets foreign exchange market fx inflow naira stability
- Category: Business
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Nigeria Naira Rate: Bloomberg Africa Report On Nigeria's Depleting FX Reserves Points to Tougher Ride Ahead
Nigeria's foreign exchange reserves are dwindling at a rapid pace, sparking concerns over the Central Bank's strategy to prop up the naira amidst promises of a more flexible exchange rate. In a span of just under a month, from March 18 to April 12, liquid reserves plummeted by 5.6%, plummeting...- Nigeria News
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- bloomberg report central bank of nigeria covid-19 currency depreciation naira stability nigeria forex reserves
- Category: Business
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![[Video] Nigerian Banks and Binance Under Fire, Accused of Economic Criminality](/data/attachments/201/201186-51cbb0048afe3330f97efb789f4188ea.jpg?hash=UcuwBIr-Mz)
Nigeria [Video] Nigerian Banks and Binance Under Fire, Accused of Economic Criminality
Ayo Oyalowo, on Channels TV, asserted that the government should oust "criminals" managing certain banks to address the Naira's decline. He emphasized restructuring banks before targeting Bureau de Change operators (BDCs), implying that banks, allegedly hoarding dollars, contribute to the...- Nigeria News
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- analyst insights banking reforms financial news naira depreciation naira stability
- Category: Business
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Nigeria CBN Governor Olayemi Cardoso Reveals How Tough Reforms are Shaping Nigeria's Financial Future
In an exclusive interview with ARISE NEWS, the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, unveiled crucial policies and reforms aimed at strengthening the nation's economic landscape. Cardoso addressed the $7 billion outstanding foreign exchange liabilities of the...- Nigeria News
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- arise tv interview cbn reforms central bank policies naira stability yemi cardoso
- Category: Business
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