Tag: CBN
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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...
CBN Blames Governors, Court Cases for Stalled N85bn Health Centre Project in 190 LGAs
The Central Bank of Nigeria (CBN) has blamed the inability to complete the highly ambitious N85 billion project to construct 774 inclusive health centers...
