CBN Set to Release Revised FX Manual to Boost Transparency, Strengthen Naira Stability
Nigeria’s central bank is completing work on a revised foreign exchange manual that will soon be released as part of ...
Tag: FX market
CBN Injects $50 Million to Stabilise FX Market as Reserves Hit Three-Year High
The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market with a $50 million injection to ease ...
CBN Moves to Shield FX Market from US tarrifs Impact, Sells $197m to Banks
In a statement on Saturday, signed by Omolara Duke, CBN’s director of financial markets, the regulator the sale was made ...
Naira Soars by N63 in Seven -Month High
Nigeria’s exchange rate saw a remarkable surge in January 2025, appreciating by N63.72 to close at N1,474.78 per dollar on ...
CBN Projects 4.17% GDP Growth in 2025 as Inflation and FX Reforms Take Shape
The Central Bank of Nigeria (CBN) has forecasted a 4.17% economic growth rate for 2025, driven by ongoing reforms and ...
CBN Announces $40.2 Billion in Reserves, Sparking Investor Optimism
The Central Bank of Nigeria (CBN) has announced a significant increase in the nation’s external reserves, which have risen to ...
World Bank Urges Nigeria to Lift Food and Fertilizer Import Ban, Align with ECOWAS Tariffs
The World Bank has called on Nigeria to lift restrictions on food and fertilizer imports and align its trade policies ...
CBN Sells $543.5 Million in FX Market to Stabilize Naira
The Central Bank of Nigeria (CBN) sold a total of $543.5 million in the Nigerian foreign exchange market (NFEM) to ...
CBN Introduces Electronic Foreign Exchange Matching System to Enhance Nigeria’s FX Market
The Central Bank of Nigeria (CBN) has announced the launch of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign ...
