Currencies
According to Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), the Central Bank of Nigeria’s (CBN) foreign exchange...
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According to Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), the Central Bank of Nigeria’s (CBN) foreign exchange...
source Nigeria’s money supply has reached N49.3 trillion, its highest level in history, but the Central Bank of Nigeria has not raised interest rates...
source During the first half of 2022, 12 Nigerian banks listed on the Nigerian Exchange (NGX) paid N62.41 billion in deposit insurance premiums to...
Forex traders said the fall is because of the sustained scarcity of the dollar.
Contrastingly, the naira fell further against the US dollar on Wednesday morning.
The figure rose by 16 per cent from N2.79 trillion in April 2021 to N3.25 trillion.
This is according to data from the money and credit report of the CBN.
Naira appreciated marginally at the parallel market on Tuesday 8th February 2022.
Naira remained flat at N570/$1 at the parallel market.
The Debt Management Office issued two tranches of bonds in its first issuance for the year.