CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
Naira Declines by 8.2% Amid Dollar Shortage Despite CBN’s Policy Decision
The value of the Nigerian naira resumed its declining trend on Wednesday, September 25, according to data compiled by Bloomberg from FMDQ website.
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.
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,
Naira Bounces Back After CBN Sells 'Cheap Dollars' to BDC Operators
The Nigerian currency has appreciated significantly against the dollar, British pound, and euro in the foreign exchange market after the CBN's intervention.
CBN Sells $20,000 To BDC Operators At ₦1,590/$
The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,59
CBN approves forex sales to BDCs at N1,590/$
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.
Daily Post Nigeria on MSN19h
You sacked me as CBN Gov – Emir Sanusi replies ex-President Jonathan
The Emir of Kano, Muhammad Sanusi II, has replied former president, Goodluck Jonathan, that he sacked him as Governor of the ...
Arise4h
Nigerian Manufacturers Slam CBN’s MPR Hike, Citing Risks to Growth and Investment
MAN has expressed deep concern over the latest MPR hike, stating that it will increase borrowing costs, depress manufacturing ...
Vanguard7h
Alleged missing $49.8bn: Why Sanusi had to go as CBN Gov — Jonathan
There were serious infractions that needed to be looked at. That was the reason. But somehow, the time was short. So before ...
The Punch Newspapers14h
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 ...
Insurancenewsnet.com18h
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.
Vanguard21h
Alleged missing $49.8bn: You dismissed me as CBN gov, Sanusi tells Jonathan
The Emir of Kano, Muhammad Sanusi II, told former president, Goodluck Jonathan, that he sacked him as Governor of the Central ...
AllAfrica.com19h
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 ...
Daily Post Nigeria on MSN2d
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 ...