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latest CBN News - Page 3

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

CBN FX Retail Auction: How 26 Banks Got $876.26m At N1,495/$

The Central Bank of Nigeria (CBN) has announced that it sold a total of US$876.26 million to end users using Retail Dutch Auction System (RDAS). It said the transaction was done by mandating authorised dealer banks to submit bids using an approved

August 7, 2024

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

Business·Finance & Economy·News

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

The Central Bank of Nigeria (CBN) has said the proposed merger between Unity Bank and Providus Bank Limited will help avert systemic risks and boost the stability of Nigeria’s financial system. The CBN on Tuesday, 6th August 2024, announced that it has

August 7, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·News

How CBN’s Delay In Providing Market Guidance Triggers Naira Fall – Report

Afrinvest Group’s 2024 Nigerian Banking Sector Report has attributed the notable decline in the value of the naira to the Central Bank of Nigeria Governor Olayemi Cardoso’s delay in offering market direction guidance to investors and Forex traders. The report said Cardoso failed

August 3, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Currency·Finance & Economy·News

Naira Weakens Again, Falls To N1,617/$ At Official Market

After two days of respite, the value of the naira on Friday, 2nd August 2024, depreciated to N1617.08/$ at the official market. This reflects 3.0 per cent depreciation when compared to N1,570/$ recorded at the close of trading on Thursday, 1 August

August 3, 2024

Business·Finance & Economy

CBN Sells $148m To 29 Authorised Dealers

In its relentless efforts to boost liquidity in the foreign exchange market and stabilise value of the naira, the Central Bank of Nigeria (CBN) has sold another tranche of FX to 29 authorised dealers. The apex bank said a total of $148

July 27, 2024

Business·Currency

Nigeria’s FX Allocation To Foreign Education Drops By 83% Amid Enrolment Decline

Nigeria’s FX allocation to foreign education has dropped amid decline in enrolment of international students, especially in the United Kingdom universities. The latest Central Bank of Nigeria (CBN) statistical bulletin revealed that Nigerians spent $38.17 million on overseas schooling in the first

July 25, 2024

Business·Currency·News

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are mandated to be accepting them from customers. The bank gave

July 3, 2024

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

Business·News

Naira Scarcity: Latest CBN News, Updates On Naira Notes For Today

Amid subsisting controversy on new naira notes, Prime Business Africa (PBA), brings you the latest news on naira redesign policy of the Central Bank of Nigeria (CBN) for today. GTBank, Others Limit Cash Withdrawal To N10,000 The Central Bank of Nigeria (CBN)

March 16, 2023

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latest CBN News - Page 3

CBN FX Retail Auction: How 26 Banks Got $876.26m At N1,495/$

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

How CBN’s Delay In Providing Market Guidance Triggers Naira Fall – Report

Naira Weakens Again, Falls To N1,617/$ At Official Market

CBN Sells $148m To 29 Authorised Dealers

Nigeria’s FX Allocation To Foreign Education Drops By 83% Amid Enrolment Decline

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

Naira Scarcity: Latest CBN News, Updates On Naira Notes For Today

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