Tag: CBN
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Rate increase expected again when the hawkish MPC meets
Expectations are strong that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would announce another rate hike after their meeting...
ECOWAS Delegation Visits Abandoned Anambra Central Fish Village, Raises Hope of Possible Revitalization
It seems the dream for the actualization of the Anambra Central Fish village, located at Adazi Nnukwu in Anaocha Council Area of Anambra State,...
Naira Hits 2-Month High at N1,382 Amid CBN’s FX Adjustments
Nigeria's naira strengthened on Thursday at the official foreign exchange market, reaching a two-month high of N1,382.35 per dollar. This increase was facilitated by...
Ease as CBN eventually eliminates the entire legitimate FX backlog
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs, processing claims totaling US$7...
Naira gains 4.55% as a result of CBN clearing the FX backlog
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily improved, gaining 4.55 percent...
