Central Bank of Nigeria Sells $90 Million in Bid to Stabilize Naira, Boost Market Liquidity
In a bid to stabilize the Nigerian naira and enhance liquidity in the foreign exchange market, ...
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Tag: Naira
CBN Accuses Banks of Hoarding $5 Billion in Foreign Currencies, Orders Release
The Central Bank of Nigeria (CBN) has accused commercial banks of hoarding over $5 billion in ...
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Dangote Petroleum Refinery Debunks Dollar Speculations, Confirms Refined Products to be Sold in Naira
In response to recent speculations, oil marketers have clarified that the refined petroleum products from the ...
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Naira Falls to N1200/$ in Parallel Market, Gains 11% in NAFEM
The naira experienced a depreciation in the parallel market, falling to N1,200 per dollar from N1,172 ...
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Cash Scarcity Sparks Concerns Across Nigeria, Affecting Business Transactions
ATMResidents in major Nigerian cities, including Lagos, Abuja, Kano, Katsina, Jigawa, and Adamawa, are expressing concerns ...
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Federal Government Pursues Measures to Stabilize Naira Amid Record Low Dollar Exchange Rates
In response to the naira's recent steep depreciation against the dollar, reaching a record low of ...
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 ...
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FG Set to End NNPC’s Monopoly, Oil Marketers to Resume Fuel Importation
Oil marketers in Nigeria are poised to resume the importation of Premium Motor Spirit (PMS), commonly ...
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Naira Faces Significant Depreciation in Q3 2023, Sparking Economic Concerns
In a notable economic development, the Nigerian currency, the naira, experienced a substantial depreciation in the ...
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Nigeria Maintains Position as Africa’s Largest Economy Despite Currency Volatility
Nigeria has reaffirmed its status as Africa's largest economy, with data available for the second quarter ...
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