Nigeria's net FX reserves hit three-year high, central bank says
Nigeria's net foreign exchange reserves stood at $23.11 billion at the end of 2024, their highest level in three years, the ...
The Punch on MSN1h
LG autonomy: Govs block council chairmen from opening CBN accounts
The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen ...
Daily Post Nigeria on MSN16h
CBN defends naira against dollar with $197m intervention amid Trump’s tariffs
The Central Bank of Nigeria (CBN) defended the naira against the dollar by selling $197.71 million to authorised foreign ...
The Punch on MSN3h
Naira shed 2.6% in March despite $668m CBN intervention
The naira depreciated by 2.4 per cent and 2.6 per cent in March at both the Nigerian Autonomous Foreign Exchange Market ...
Legit.ng on MSN5d
CBN reveals why Nigeria's net FX reserves increased to $23.11 billion
The Central Bank of Nigeria (CBN) has reported a growth in Nigeria's net foreign exchange reserves, which hit $23,11 billion ...
Business Day7h
Naira falls by 2.8% despite CBN’s intervention in FX market
The naira on Monday fell by 2.8% against the dollar in the official foreign exchange (FX) market, despite the intervention of ...
Legit.ng10h
Naira Falls to New Low After CBN Spends Millions of Dollar to Defend Currency
The first quarter of 2025 saw the Central Bank of Nigeria (CBN) intervene in foreign exchange (FX) for about $669 million ...
Okay.ng21h
Naira Plummets to N1,600: CBN Blames Global Economic Shifts, US Tariffs
The Nigerian naira has experienced a sharp decline, reaching approximately N1,600 to the US dollar, a development the Central ...
AllAfrica on MSN19h
Nigeria: CBN Injects $197.71m Forex to Cushion Global Shock Impact
Central Bank of Nigeria (CBN) on Friday injected $197.71 million into the foreign exchange market to Authorised Dealers, as part of measures to ease pressure on the naira amid global shocks such as ...
Legit.ng on MSN10h
JP Morgan, Top US Bank, Seeks Licence to Operate in Nigeria as it Predicts Naira FX Rate in 2025
The top US investment banker, JP Morgan, is seeking to convert its Lagos representative office into a full-fledged merchant ...
Business Day21h
CBN opens dollar tap as Trump tariffs test naira
The Central Bank of Nigeria (CBN) sold dollars on the official market Friday as it stepped in to bolster liquidity after the naira ...
Okay.ng5d
Central Bank of Nigeria Dismisses False Report of New Banknotes
The Central Bank of Nigeria (CBN) has firmly refuted a report circulating online that claimed the bank was introducing new N5 ...