Naira Strengthens to ₦1,337/$ as Reserves Hit 17-Year High
Nigeria’s naira strengthened over the week to close at about ₦1,337 per dollar at the Nigerian Foreign Exchange Market (NFEM) ...
Tag: Central Bank of Nigeria
Nigeria’s Reserves Rise to $53.11bn, Near 2009 Peak
Nigeria’s external reserves have risen to $53.11 billion, bringing the country close to the record level recorded in January 2009. ...
What Happened to Nigeria’s ₦50 and ₦100 Notes?
For millions of Nigerians, the ₦50 and ₦100 notes were once familiar fixtures of everyday commerce, used for transport fares, ...
Inside CBN’s August Liquidity Reset
Nigeria’s central bank has loosened key restrictions on banks’ access to liquidity while reviving longer-term repurchase operations, giving financial institutions ...
Three Months On, CBN’s Remittance Rules Tighten Oversight of Diaspora Flows
Three months after the Central Bank of Nigeria’s new remittance settlement rules took effect, the reform is tightening regulatory oversight ...
Naira Holds Steady Officially as Parallel-Market Premium Widens
The naira remained broadly stable in Nigeria’s official foreign exchange market at the start of August, even as a sizeable ...
Naira Ends Week Stable as Official Rate Closes at ₦1,368/$
The naira closed out the trading week broadly stable, with the official market rate settling at ₦1,368.22 to the dollar ...
Naira Ends July Weaker, Closes at ₦1,368.22/$ at Official Market
The naira closed out July on a weaker footing, slipping to ₦1,368.22 per dollar at the official window on the ...
Rising Treasury Bill Yields Offer New Opportunities for Investors
Rising Treasury bill yields are becoming one of the biggest talking points in Nigeria’s financial market as more investors turn ...
Nigeria Drives 60% of Africa’s Stablecoin Inflows as Bitget Wallet Crosses 100 Million Users
Nigeria has cemented its position as sub-Saharan Africa's largest stablecoin market, accounting for roughly 60% of all stablecoin inflows into ...
