Tag: FX
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CBN releases additional $500 million to clear verified FX backlog
To address the foreign exchange (FX) crisis, the Central Bank of Nigeria (CBN) has disbursed an additional $500 million to various sectors of the...
CPs quoted on FMDQ saw a 112% increase in value in just one month
The entire value of commercial papers (CPs) quoted on the FMDQ Securities Exchange in November 2023 is 77.4 billion, a 112 percent (40.89 billion)...
MAN Proposes Production Sector Priority for FG’s $10B Forex Influx
The Manufacturers Association of Nigeria (MAN) has argued on behalf of local manufacturers, urging the Federal Government to give priority to FX allocation to...
September Saw A 49.1% Increase In Total Inflow Into The I&E Window
September saw a three-month high for total inflows through the Investors and Exporters Window (I&E) window, rising by 49.1% month over month to $1.31...
On The Black Market, Dollar Is Exchanged At A Discount To Naira
The naira is trading higher on the black market for the first time since 2015, exactly one week after the Central Bank of Nigeria...
