Senate Drops One Of Buhari’s CBN Board Nominees, Confirms Four The Senate has confirmed four of the five members of the board of the Central Bank of Nigeria nominated by President Muhammadu Buhari. The Senate Committee on Banking, Insurance and Other Financial Institutions had screened the...

External Reserves Drop Further, Lose $99m The nation’s foreign exchange reserves have declined further, losing $99m to close at $47.65bn on Monday, latest data from the Central Bank of Nigeria showed on Wednesday. Industry analysts have attributed the recent decline in the external reserves to the...

CBN Sustains FX Intervention, Naira Appreciates The naira appreciated to N362 to a dollar wednesday, stronger than the N366 to a dollar it was as at the close of business on Monday. This is just as the Central Bank of Nigeria (CBN) once more intervened in...

Forex: CBN Intervenes With Another $210 Million   The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers’ needs in the various segments of the market,...

Gwadabe Advocates Review Of Exchange Rate Band The President of Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has reiterated the need for the Central Bank of Nigeria (CBN) to review the exchange rate band at which Bureaux de Change (BDCs)...

Currency-in-Circulation Drops To N1.668 Trillion   The total value of currency-in-circulation in the country reduced by N269 billion year-on-year to N1.668trillion as of the end of March thisyear, down from the N1.937 trillionrecorded in February 2018, the Central Bank of Nigeria (CBN)revealed in its latest money...