Tag: CBN
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CBN Strengthens Liquidity Control with New OMO Ahead of N784bn Inflows
As N784 billion from maturing securities pours into the financial system, the Central Bank of Nigeria (CBN) is getting ready for new Open Market...
Nigeria’s Inflation Eases to 22.97%: CBN Policies Show First Signs of Success
Africa's largest economy's inflation is finally on the decline, presenting initial signs that the policy strategy adopted by the Central Bank of Nigeria (CBN)...
Unseen Dollars: How 90% of Nigeria’s Forex Stays Hidden – and BDCs Could Unlock It
Nigeria's foreign exchange market keeps a stunning secret. As much as 90 percent of all dollar transactions are carried on entirely off the books,...
Over 90% of Forex Liquidity Dry Up as BDCs Call for CBN Cooperation
The owners of the Nigerian Bureau de Change (BDC) shared a shocking revelation with the world: more than 90 percent of dollar liquidity in...
Naira Slides to N1,600 as Market Eases and CBN Acts
The Nigerian naira traded at about N1,600 against a dollar in the parallel market on Tuesday, as the currency remains under pressure.
The local currency...
