CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
Naira Bounces Back After CBN Sells 'Cheap Dollars' to BDC Operators
The Nigerian currency has appreciated significantly against the dollar, British pound, and euro in the foreign exchange market after the CBN's intervention.
Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 per dollar foreign exchange rate to tackle the FX crisis across the country.
CBN Approves Sale Of $20,000 To Eligible BDCs At N1,590/$ To Meet FX Demand
The CBN is set to sell $20,000 to eligible BDC operators at N1,590/$ to meet demand for invisible transactions
CBN to sell another $20,000 to each BDC at N1,590/$1, limits profit margin to 1%
The Central Bank of Nigeria (CBN) has announced the approval of the sale of an additional $20,000 to each eligible
Nigeria: CBN to sell $20,000 to BDCs at $996 per dollar
This intervention is expected to inject additional liquidity into the forex market and stabilize rates for transactions related to personal travel allowances (PTA), business travel allowances (BTA), tuition fees,
CBN Sells $20,000 To Each BDC At N1,590/$ To Meet Retail Demand
The Central Bank of Nigeria (CBN) has announced the provision of additional liquidity to the Bureau De Change (BDC) segment of the foreign exchange market to
CBN approves forex sales to BDCs at N1,590/$
Naira slumps massively against dollar in response to CBN’s interest rate hike
The naira crashed massively against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fifth interest rate hike to 27.25 per cent. FMDQ data showed that the naira exchanged at N1658.
Arise50m
Nigerian Manufacturers Slam CBN’s MPR Hike, Citing Risks to Growth and Investment
MAN has expressed deep concern over the latest MPR hike, stating that it will increase borrowing costs, depress manufacturing ...
legit1h
Drama as Jonathan, Sanusi Disagree Over Sack As CBN Gov, Details Emerge
Ex-President Goodluck Jonathan and the Emir of Kano, Muhammadu Sanusi II, are at odds over the circumstances surrounding ...
Daily Post Nigeria on MSN15h
You sacked me as CBN Gov – Emir Sanusi replies ex-President Jonathan
The Emir of Kano, Muhammad Sanusi II, has replied former president, Goodluck Jonathan, that he sacked him as Governor of the ...
Vanguard3h
Alleged missing $49.8bn: Why Sanusi had to go as CBN Gov — Jonathan
There were serious infractions that needed to be looked at. That was the reason. But somehow, the time was short. So before ...
The Punch Newspapers10h
CBN needs to limit interest rate hikes
The CBN’s core mandate includes stabilising prices and the exchange rate, but other options can be explored, especially on the fiscal side. A fixation on interest rate hikes ignores the need to ...
Daily Post Nigeria on MSN1d
CBN interest rate hike will kill investments – NACCIMA, business owners
Key players in the Nigerian business and economic sector have kicked against the recent interest rate hike by the Central ...
Punchng on MSN10h
Inflation: MAN asks CBN to halt interest rate hikes, explore alternative measures
The Manufacturers Association of Nigeria has called on the Central Bank of Nigeria to stop increasing the monetary policy ...