The Central Bank of Nigeria (CBN) has uncovered a $2.4 billion scam involving false foreign exchange claims that have put pressure on the naira and spooked the currency market, Governor
There are strong indications that the Federal Govt is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1,
The Senate has summoned the governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it on Tuesday, February 6, 2024, over the state of the economy
The First Bank of Nigeria (FBN) Holdings has appointed Femi Otedola, the businessman and investor, as the new chairman of its board of directors. The financial institution notified investors of
The Central Bank of Nigeria has said it is set to take new measures to stabilize the naira against the dollar. Acting Governor of the CBN, Folasodun Sonubi disclosed this
The Central Bank of Nigeria has released the Consolidated Financial Statements for the last seven years, making it the first time since 2015 that the apex bank will be making
The Central Bank of Nigeria (CBN), on Thursday, attributed the continuous fall of the Naira against dollars to present unofficial diaspora remittances. The acting governor of the apex bank, Folashodun
Naira crashed to as low as N910/$, yesterday, at the parallel market as the market switched to a panic mood. With the local currency breaking the N900/$ psychological ceilings, there
The naira plunged to a record low of N900/$1 on the parallel market on Tuesday, August 8, 2023, as demand for foreign currency outstripped supply. Nairametrics reached out to forex
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