CBN dollar rate

Weak Naira: CBN Sells $543.5m To Boost FX Market

The Central Bank of Nigeria (CBN) has announced that it sold a total sum of $543.5 million to authorised dealer banks between 6 – 30 September 2024. According to a statement by CBN’s Director, Financial Market Department, Omolara Duke, released on Friday,

October 5, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets·News

Naira Strengthens To N1,576 As Dollar Supply Rises

Nigerian naira on Thursday, appreciated for the first time in the week as it exchanged N1576.10 against dollar at the official market. This reflects a massive gain of N91.32 or 5.48 per cent when compared to Wednesday’s closing rate of N1667.42/ dollar,

September 27, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·News

CBN Uncovers Forex Abuses, Vows Stringent Actions

The Central Bank of Nigeria (CBN) exposed widespread infractions and non-compliance with foreign exchange market regulations, prompting a stern commitment to punitive measures in collaboration with relevant agencies. Mrs. Sidi Ali Hakama, the CBN Acting Director of Communication, revealed this in a

January 18, 2024

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

The Central Bank of Nigeria (CBN) has reportedly directed Deposit Money Banks (DMBs) to sell dollars, euros and pounds at market-determined rates. According to a report by Nairametrics, the CBN has decided to allow Nigeria’s foreign exchange markets to operate a freely

June 14, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Updated: Naira Devaluation Fake News – CBN Denies Increasing Dollar Rate To N631

The Central Bank of Nigeria (CBN) has denied a report that the naira has been devalued after a media outlet reported that the official dollar rate had been increased to N631. A report on Thursday claimed that the CBN increased the dollar

June 1, 2023

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Weak Naira: CBN Sells $543.5m To Boost FX Market

Naira Strengthens To N1,576 As Dollar Supply Rises

CBN Uncovers Forex Abuses, Vows Stringent Actions

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

Updated: Naira Devaluation Fake News – CBN Denies Increasing Dollar Rate To N631

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