
CBN - Central Bank Of Nigeria







Foreign investments reached their highest level in at least two years due to attractive returns and significant rate hikes implemented by the CBN to draw in capital.

The new price drop in the ex-gantry cost of locally refined PMS announced by the Dangote Refinery could cost product importers N13.998 billion per month.

While the official market appreciated, the naira declined on the parallel market, closing at 1,599.94/$ on Thursday after closing at 1,603.78/$ the previous week.

The Central Bank of Nigeria has released the latest naira to dollar, euro, and other currency exchange rates in both the official and unofficial FX markets.

Olayemi Cardoso, the governor of the Central Bank of Nigeria, and others are being held in contempt for allegedly disregarding a Supreme Court order.

CBN has announced plans to secretly monitor bureau de change (BDC) operators to ensure they follow rules against money laundering and terrorism financing.

With many Nigerians still lamenting lost investments in the recent CBEX collapse, the CBN has ordered banks and fintech to do tighten their compliance framework.

The value of the Nigerian currency has appreciated against the United States Dollar in the official foreign exchange markets amid pressure from lower oil prices.

A Nigerian man said Ponzi schemes are an ill wind that blows no one any good except the organisers, who end up walking away with billions of investors' funds.
CBN - Central Bank Of Nigeria
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