Browsing: CBN

The combined market value of Nigerian Tier-1 banks increased by more than N40 billion week on week, according to data tracked by MarketForces Africa. 

The struggling naira weakened by N67 per the US dollar week on week amidst a new measure to drag out foreign currency

CBN Sells US Dollars to Banks at N1630 With a single focus to keep exchange rate volatility in check, the…

NDLEA Confiscates N4bn Worth of Cocaine at Lagos Airport The National Drug Law Enforcement Agency (NDLEA) has confiscated over N4…

Fitch Ratings has affirmed Nigeria’s credit or long-term foreign currency issuer default rating (IDR) at ‘B-‘ with a positive outlook. The ratings affirmation is supported by the country’s large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves, Fitch said.

The Central Bank of Nigeria (CBN) defended the naira with $30 million in FX sales to authorised dealer banks at a lower spot rate.   The amount has again

Interbank rates declined sharply despite huge outflow relating to FX auction sales to authorised deposit money banks

The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing.

Treasury Yield Rises as CBN Hikes Rate on 364-Day Bills The average yield on Nigerian Treasury bills climbed to 24.1%…

The Central Bank of Nigeria (CBN) sold $148 million to authorised local deposit money banks to boost foreign currency liquidity and defend the naira.