CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 per dollar foreign exchange rate to tackle the FX crisis across the country.
CBN Crashes Dollar in New Sales, Approves New Exchange Rate for BDCs
The Central Bank of Nigeria has announced another dollar sale to Bureau de Change operators and has set a strict selling exchange rate for Nigerians.
CBN Approves Sale Of $20,000 To Eligible BDCs At N1,590/$ To Meet FX Demand
The CBN is set to sell $20,000 to eligible BDC operators at N1,590/$ to meet demand for invisible transactions
CBN to sell another $20,000 to each BDC at N1,590/$1, limits profit margin to 1%
The Central Bank of Nigeria (CBN) has announced the approval of the sale of an additional $20,000 to each eligible
Nigeria: CBN to sell $20,000 to BDCs at $996 per dollar
This intervention is expected to inject additional liquidity into the forex market and stabilize rates for transactions related to personal travel allowances (PTA), business travel allowances (BTA), tuition fees,
CBN Sells $20,000 To Each BDC At N1,590/$ To Meet Retail Demand
The Central Bank of Nigeria (CBN) has announced the provision of additional liquidity to the Bureau De Change (BDC) segment of the foreign exchange market to
CBN approves forex sales to BDCs at N1,590/$
Naira slumps massively against dollar in response to CBN’s interest rate hike
The naira crashed massively against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fifth interest rate hike to 27.25 per cent. FMDQ data showed that the naira exchanged at N1658.
Punchng on MSN2h
Inflation: MAN asks CBN to halt interest rate hikes, explore alternative measures
The Manufacturers Association of Nigeria has called on the Central Bank of Nigeria to stop increasing the monetary policy ...
The Punch Newspapers2h
CBN needs to limit interest rate hikes
The CBN’s core mandate includes stabilising prices and the exchange rate, but other options can be explored, especially on the fiscal side. A fixation on interest rate hikes ignores the need to ...
legit19h
CBN Adjusts FX For Banks, Currency Traders, Others as Naira Sets New Records in Official Window
The Nigerian currency, the naira has plummeted to an all-time low in the official market and a seven-month low in the ...
Insurancenewsnet.com6h
Unemployment Rises to 5.3 Percent As CBN Hikes Interest Rate to 27.25 Percent
The MPR, set by the Monetary Policy Committee, MPC, of the CBN is a benchmark of the interest rate charged by banks to their customers. This is just as an analyst at Renaissanceafrica Company, Mr.
Nairametrics1d
CBN says new IMTO licences push Nigeria’s remittance inflows to $585 million in August 2024
The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International Money Transfer Operators (IMTOs) ...
AllAfrica.com7h
Nigeria: Unemployment Rises to 5.3 Percent As CBN Hikes Interest Rate to 27.25 Percent
The Nigerian Bureau of Statistics, NBS, yesterday, announced that Nigeria's unemployment rate grew by 1.2 percentage points to 5.3 per cent year-on-year, YoY. This came on a day the Central Bank of ...
legit1h
Kano Emir Sanusi Reacts As Jonathan Breaks Silence on His Removal As CBN Gov, “I Bear You No Grudge”
Kano Emir Sanusi II has said he has no issue with former President Goodluck Jonathan who clarified his removal from office as ...
Daily Post Nigeria on MSN1d
CBN interest rate hike will kill investments – NACCIMA, business owners
Key players in the Nigerian business and economic sector have kicked against the recent interest rate hike by the Central ...