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CBN forex - Page 2

FG, States, LGAs Shares N1.411trn Revenue In October, FAAC Reveals

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

In a financial revelation reshaping the economic landscape, Nigeria’s adoption of a unified exchange rate has led to a surge in foreign exchange gains, soaring to N1.36 trillion within six months. The Federation Account Allocation Committee’s data uncovered this windfall, stemming largely

December 24, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Finance & Economy·News

CBN’s FX Reforms Pose Challenges, Opportunities For Investment Bankers, Says AIHN

The winds of change in Nigeria’s financial landscape, stirred by the Central Bank’s foreign exchange (FX) reforms, were acknowledged as a double-edged sword by Ike Chioke, the former President of the Association of Issuing Houses Nigeria (AIHN). Speaking at the Investment Banking

November 28, 2023

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

In a financial upturn that defied the odds, thirteen Nigerian states have raked in a sum of N71.59 billion in foreign exchange revaluation profits within just three months. This revelation surfaced from the latest third-quarter budget implementation reports, showcasing a windfall amidst the Naira’s

November 20, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

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CBN forex - Page 2

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

CBN’s FX Reforms Pose Challenges, Opportunities For Investment Bankers, Says AIHN

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

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