Browsing: CBN

The Central Bank of Nigeria (CBN) has opened N400 billion worth of local treasury bills for subscription on Wednesday, bringing the total number of auctions in the quarter to eight, rather than the seven initially proposed.

The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.