Browsing: CBN

The naira gained against the US dollar at the Nigerian foreign exchange market (NFEM) amidst growing optimism about the nation’s expanding gross external reserves.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) kept the benchmark interest rate unchanged at 26.50% following the completion of a 2-day meeting on Tuesday.

The financial system liquidity dipped on Monday as the Central Bank of Nigeria (CBN) debited banks’ cash reserve ratio (CRR) requirement on deposits collected but not disbursed as loans.

The Nigerian Treasury bills yields declined as investors ramped up naira assets via secondary market transactions on Monday.

The naira experienced a soft rally that pushed the local currency value upward slight….

The financial system was flush with cash, strong enough to keep money market rates stable, supported by FAAC

Nigeria is expected to prioritise macroeconomic stability by keeping its monetary policy rate (MPR) at 26.5% at the end of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting this week.

CIBN Projects 26.5% MPR Retention The Chartered Institute of Bankers of Nigeria (CIBN) has projected that the Central Bank of…

The Naira rallied, closing the trading week stronger on Friday, appreciating to N1,380.18 against the United States dollar at the official foreign exchange market.

The Nigerian local currency, the naira, rose against the US dollar (USD) at the official window on Thursday as the nation’s foreign reserves continue to move towards $52 billion.