Tag: Naira
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CBN provides IMTOs with naira access to enhance remittances
On Monday, the Central Bank of Nigeria (CBN) announced fresh initiatives aimed at increasing naira liquidity and diaspora remittances.
Eligible International Money Transfer Operators (IMTOs)...
More naira, less value as N7.6 trillion in consumer spending is eroded by inflation
Nigerians are spending more money, but their money is worth less because by 2023, inflation will have cost consumers at least N7.61 trillion.
The National...
External reserves are expected to increase significantly due to inflows
Experts predict that once foreign inflows into Nigeria start, the country's external reserves will rise quickly.
Nigeria's foreign reserves have increased by 2.19 percent every...
Naira Stable at N1,483/$ at the Official Exchange
According to FMDQ Securities Exchange Limited, the naira was stable at N1,483.62/$ on Monday at the Nigerian Autonomous Foreign Exchange Market. In light of...
Naira makes early gains against euro, extreme right increases grip on Europe
On Monday, the euro fell against the naira on the unofficial market after French President Emmanuel Macron declared a quick election in response to...
