Tag: central bank of Nigeria
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Naira Stays Strong at N1,367/$ as CBN Boosts FX Stability
The naira has maintained relative stability around N1,367 per dollar, supported by Central Bank of Nigeria interventions and improved foreign exchange liquidity.
The currency opened...
CBN Ends COVID Loan Relief, Putting Nigerian Banks Under Pressure
With Nigeria's banking sector moving out of the COVID-19 pandemic fog era, the Central Bank of Nigeria (CBN) is closing down the forbearance rules...
Naira Slides as Reserves Dip and BDC Recapitalization Deadline Nears
On Monday, the Nigerian naira opened the week on a sour note in the official foreign exchange market with an opening rate sliding to...
CBN Debunks Fake Report on N5,000 and N10,000 Banknotes
The Central Bank of Nigeria (CBN) has dismissed claims that it plans to introduce new N5,000 and N10,000 banknotes, labeling the circulating report as...
Nigerians Sent N2 Trillion Via USSD Codes In Six Months – CBN
The Central Bank of Nigeria has reported that in just six months, Nigerians have used Unstructured Supplementary Service Data (USSD) codes to send N2.19...
