Nigeria Projected to Become Top Global Rice Importer in 2024, Importing 2.1 Million Metric Tons – USDA
Nigeria is projected to become the top global rice importer in 2024, importing an estimated 2.1 ...
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Tag: Central Bank of Nigeria
Central Bank of Nigeria Extends Validity of Old Naira Notes Indefinitely
The Central Bank of Nigeria (CBN) has taken a significant step by extending the validity of ...
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Official Exchange Rate Predicted to Weaken to N1,068.3/$ by 2025, Economist Intelligence Unit Warns of Continued Currency Losses
A recent report from the Economist Intelligence Unit (EIU) projects a significant weakening of Nigeria's official ...
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Central Bank of Nigeria Addresses Cash Shortages, Instructs Continued Use of Old, New Naira Notes
The Central Bank of Nigeria (CBN) has issued instructions to all its branches across the nation ...
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Bola Tinubu Commits to Honoring Nigeria’s Forex Obligations Amidst Economic Challenges
In the midst of mounting economic challenges in Nigeria, President Bola Tinubu has pledged to uphold ...
Read moreIMF Gives Nod for Nigeria to Seek Loan to Stabilize Naira Amid Pressure
The International Monetary Fund (IMF) has stated that the Nigerian naira is currently under pressure, giving ...
Read moreInvestor & Exporter Forex Window Registers $53.02 Million Turnover
The Investor & Exporter forex window experienced a notable turnover of $53.02 million on Friday, marking ...
Read moreCBN Unveils Initiatives for Orderly Forex Market and Price Stability
In a recent announcement, the Central Bank of Nigeria (CBN) has affirmed its commitment to fostering ...
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FG Initiates Bid Opening for 1.25 Million Electricity Smart Meters Funded by World Bank Loan
The Federal Government of Nigeria has commenced the bid opening process for the supply of 1.25 ...
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Top Five Nigerian Exporters Earned $22 Million in April and May
The Central Bank of Nigeria (CBN) has reported that the top five Nigerian exporters earned $22 ...
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