Tag: FX Market
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Foreign reserves decline as the naira declines in spite of FX changes
Nigeria's aggressive foreign currency reforms under President Bola Tinubu have failed to produce the outcomes many predicted, with detractors blaming implementation.
In the first year...
MPC sees increasing interest rates in order to control inflation
Some analysts have projected that to contain growing inflation, the Monetary Policy Committee (MPC) may increase the cost of credit to the economy (interest...
FX spot market Report: March’s turnover totaled $12.61 billion
March 2024 saw a month-over-month (MoM) rise in spot foreign exchange (FX) market turnover of 47.66% ($4.07 billion) over February 2024 ($8.54 billion), to...
Naira remains steady based on CBN’s FX metrics
The naira strengthened to N1,572.86 per dollar on the official market on Monday, following N1,602.75/$1 on Friday, signaling a solid start to the foreign...
Senate Probes CBN’s N10 Trillion Anchor Borrowers’ Program and Loans, Arsenal to Clash with Porto in Champions League Reunion – Trending Today
Hello and welcome! In today's trending news stories;
1. The Senate on Tuesday, decided to further probe the Central Bank of Nigeria's (CBN) N10 trillion...
