A total of 101.74 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday. (NAN)
An exchange rate of N437 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.25.
According to the apex bank, analysis of the currency in circulation showed that a large and increasing proportion of the Nigerian currency outside the commercial banking...
The anti-graft agency noted that similar meetings are planned for other Bureau de Change operators in other major commercial cities across the country’s including key players,...
The Central Bank of Nigeria has in recent times come under criticism for failing to stabilise the naira which has continued to dip against major currencies.
The Senate, on Wednesday, said it would summon the governor of the Central Bank of Nigeria, Godwin Emefiele, over inflation and naira devaluation which had led...
The evolution of the eNaira will in no distant future, accommodate and/or integrate the robust legal framework issued by the SEC in the adoption and use...
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, who interacted with manufacturers while he was the director-general of the Lagos Chamber...
“If they keep pursuing that, it will get to a point where they will be losing their vehicles. We are trying to find a soft landing...
Apart from CBN’s direct financing of the deficit budget, it is also intervening in some sectors of the economy through cash transfers. Such cash adds to...