'Naira Under Pressure, Nigeria May Seek Dollar Loan'   The International Monetary Fund (IMF) has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good option. The Washington-based lender however noted...

Dollar Supply Jumps After CBN Lifts Ban on Forex Sale   Dollar supply at the foreign exchange (forex) market reportedly soared after the Central Bank of Nigeria (CBN) scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem the local...

Dollar Supply Rises after CBN Lifts Forex Ban on 43 Items By Zeenat Sambo Dollar supply in Nigeria soared after the Central Bank of Nigeria (CBN) scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem the naira’s 40 per...

CBN Raises Dollar Supply, Lifts Ban on Cement, 42 Items The Central Bank of Nigeria has said it is raising dollar supply in the foreign exchange market, just as it also lifted the ban on 43 items that were previously not qualified for forex at...

CBN Restates Commitment to Single FX Market The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in forex Market. This was contained in a report signed by the CBN Director, Corporate Communications, Isa AbdulMumin on Thursday, that the apex bank will continue...

Currency in Circulation Hit N2.76trn in September 2023 - CBN Latest data released by the Central Bank of Nigeria (CBN) has revealed that the currency in circulation reached N2.76 trillion as of September 2023. This marks a 14.5 per cent year-on-year (y-o-Y) decline from the N3.23...