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Naira Closes at N1,599 per Dollar in Official Market

The Naira appreciated against the US dollar on Monday, closing at N1,599.00/$1 in the official market.

Avoid Illicit Recapitalisation Funds, CBN Warns

The Central Bank of Nigeria (CBN) has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise.

Economic Reforms to Protect SMEs, Spur Growth – Cardoso

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, weekend, said the apex bank is committed to ensuring that identified economic challenges in Nigeria are addressed

Nigeria’s Payment Surplus Balance Hits $6.83bn – CBN

Nigeria's Payment Surplus Balance Hits $6.83bn - CBN The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. The BOP measures the country’s financial transactions with the rest of the world and how the...

Despite CBN Intervention, Naira Depreciates at Official Market

The naira, on Monday, dropped to N1,612 per dollar at the official side of the foreign exchange (FX) market.

US Tariff Threatens FX Market as CBN Boosts Liquidity with $197.71m

The global trade war is threatening naira stability following the depreciation of the currency at the close of last week.