Browsing: Central Bank of Nigeria

The Nigerian naira struggled to keep value across the foreign exchange markets on Tuesday amidst a steep…

Nigeria’s foreign exchange reserve bumped after gaining traction for four weeks amidst pressures in the global crude oil market. Having stagnated for a long, the gross external reserve has been ascending lately due to improved crude oil production volume and above 2023 budget benchmark market price.

Equities investors in the Nigerian Exchange (NGX) recorded more than N368 billion as a gain due to sustained …

The average yield on Nigerian Treasury bills slid 7 basis points (bps) to settle at 14.31% as a bull surface in the secondary market for government short-term borrowing instruments.

The Nigerian bonds traded quietly in the secondary market with a bearish tilt that lifted the benchmark yield higher, albeit, marginally amidst weak macroeconomic conditions.

The US dollar rose against its major trading partners early Wednesday ahead of an appearance by Federal Reserve Chairman

Court Grants Emefiele Bail The Federal Capital Territory High Court on Wednesday admitted the embattled former Central Bank Governor, Godwin…

The Nigerian naira exchange rates diverged after the local currency was launched into recovery with FX backlog settlement by the apex bank. The exchange rate crossed to N809.02 from behind amidst demand and supply imbalance.

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.

Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating …