Our reporter/ The Central Bank of Nigeria (CBN) on Wednesday informed all authorised dealers and the general public of immediate changes to operations in the Nigerian Foreign Exchange (FX) Market.…
Read More CBN confirms deregulation of FX market
Tag: #CBN
Naira trades at N755/$ as CBN discreetly devalues local currency
Our reporter/ The naira on Wednesday traded at N750-N755 per dollar at the investors and exporters (I&E) window. According sources privy to the development the Central Bank of Nigeria (CBN)…
Read More Naira trades at N755/$ as CBN discreetly devalues local currency
UPDATED: Tinubu suspends Emefiele, appoints Shonubi acting CBN governor
Our reporter/ President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor. “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele,…
Read More UPDATED: Tinubu suspends Emefiele, appoints Shonubi acting CBN governor
CBN denies Naira devaluation report
Our reporter/ The Central Bank of Nigeria (CBN) on Thursday debunked a report by a national daily that it has devalued the naira to N631 per dollar at the importers’…
Read More CBN denies Naira devaluation report
CBN increases interest rate to 18.5%
Our reporter/ The Central Bank of Nigeria (CBN) on Wednesday raised the interest rate from 18 percent to 18.5 percent. The apex bank governor, Godwin Emefiele, announced the decision after…
Read More CBN increases interest rate to 18.5%