CBN - Central Bank Of Nigeria
Nigerian banks borrow N9 trillion from CBN as liquidity scarcity hits
Liquidity balance decreased as a result of a number of market outflows, beginning with a sizable open market operation early March and Treasury bills offer debits.
Naira continues free fall despite CBN intervention as demand for foreign exchange increases
It is now a case of endless demand for the dollar as there are so many market players in need of dollars to facilitate transactions, and only few available.
CBN releases new exchange rate as naira gains in official, black markets against major currencies
The Nigerian currency, the naira rose in value against the dollar, British pound, the euro, and other currencies, appreciating by N1,531 on Friday, March 24, 2025.
CBN reviews Customs exchange rates for cargo clearance as Naira crashes in all markets
The Central Bank of Nigeria (CBN) has reviewed the Customs foreign exchange rate for cargo clearance at Nigeria's ports as the naira depreciated in all markets.
Traders sell dollar at new exchange rate as naira depreciates again
The Central Bank of Nigeria has released the latest performance of the naira against other foreign currencies and showed that Nigerian currency suffered losses.
CBN grants approval for another company to become holding company, join First Holdco, Access, others
Greenwich Merchant Bank Limited has experienced a major transformation with the Central Bank of Nigeria's (CBN) clearance to become a holding company (HoldCo).
New exchange rate as naira appreciates against US dollar
The naira appreciated against the US dollar and other currencies in the Nigerian Autonomous Foreign Exchange Market (NAFEM) after days of consecutive depreciation.
12 listed companies report N1.4 trillion losses, may not pay dividends
The economic climate in 2024 was plagued with rising inflation, low purchasing power resulting to low sales, rising operations costs, causing many businesses losses.
65% of Nigerians want CBN to reduce interest rates amid high inflation, food prices
The CBN Monetary Policy Rates, also known as interest rates, have generated a lot of discussions since 2024 especially due to the repeated decisions to increase them
CBN - Central Bank Of Nigeria
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