CBN Consolidates Financial Market Reform Gains
CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.
Category : Search result: dollar exchange rate
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
Dangote Refinery Saves Nigeria N10bn Yearly
Dangote Refinery is saving Nigeria over N10 billion annually in foreign exchange by replacing fuel imports with locally refined products. Discover how this impacts Nigeria's economy.
Nigeria's Economy Stabilizes as Inflation Halves to 16.05%
CBN Governor Cardoso reveals Nigeria's economic turnaround: inflation dropped from 34.6% to 16.05%, forex reserves hit $46.7B, and growth reached 4.23%. Discover how reforms are driving sustainable growth.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
Asian markets pause as investors eye Fed rate cuts
Asian markets took a breather after a strong rally, with focus on upcoming US economic data and the high probability of a December interest rate cut by the Federal Reserve.
Court dismisses Binance executive's detention claims
Federal High Court dismisses Tigran Gambaryan's suit against EFCC over detention. Court refuses to interfere with money laundering investigation. Full details inside.
16 Banks Meet CBN Recapitalisation Target
CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.
MAN: 37% Lending Rate Hinders Manufacturing
MAN laments 37% lending rate, says high borrowing costs hinder production and reduce competitiveness. DG Segun Ajayi-Kadir urges CBN for rate reduction.
Naira Appreciates Against USD as CBN Lists Achievements
Naira strengthens against US dollar in official and parallel markets. CBN Governor Cardoso highlights narrowed exchange rate spreads and growing investor confidence in Nigeria's economy.
IEI Appoints Dr Joyce Odiachi as Acting MD
International Energy Insurance Plc announces a major leadership transition. Dr Joyce Odiachi steps in as Acting MD following Olasupo Sogelola's resignation. Discover the company's next growth phase.
Nigeria Stock Market Falls After CBN MPC Meeting
Nigerian stock market declined 0.49% Wednesday as investors reacted to CBN's decision to maintain 27% MPR. Market capitalization lost N444 billion. Read full analysis.
Nigeria FX Market Reaches $500m Daily Turnover
CBN Governor Cardoso reveals Nigeria's FX market now records $500m daily turnover without central bank intervention, marking a new era of transparency and stability.
Kebbi Rescue: Man Questions Students' Calm Demeanor
A Nigerian man observes the unusual calm of the recently rescued Kebbi students, questioning the official 'tactical rescue' narrative and suggesting a ransom payment.
Nigerian Export Certificates Accepted in 140 Nations
Nigeria achieves international accreditation milestone as NINAS recognition enables export certificates acceptance in 140+ countries, saving millions in forex and boosting MSMEs.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
China-Nigeria Cultural Exchange Strengthens Ties
China and Nigeria enhance cultural cooperation through radio programs, educational exchanges, and creative industries. Discover how mutual learning builds stronger bilateral relations.
Asian Stocks Extend Rally as Fed Rate Cut Hopes Grow
Asian markets continue global rally as weak US data fuels Federal Reserve rate cut expectations. Trump's potential Fed pick Kevin Hassett adds to investor optimism. Tokyo and Seoul lead gains.
CBN Retains 27% Interest Rate to Combat Inflation
Nigeria's Central Bank maintains Monetary Policy Rate at 27% to stabilize prices. MPC keeps tight monetary stance as inflation shows signs of easing. Full details inside.
CBN Retains MPR at 27%, Delays Loan Rate Cuts
Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Asian Markets Advance on Fed Rate Cut Expectations
Asian markets surge as Federal Reserve officials signal December rate cut. Tech stocks lead rally while weakening labor market shifts Fed focus from inflation concerns.
Sell Bitcoin to Naira Instantly with Monica Cash
Convert Bitcoin to Naira instantly with Monica Cash. Get the best BTC to NGN rates, enjoy 0% fees, and secure transactions. Over 500,000 Nigerians trust us. Learn more!
CBN: Economy Improving But More Work Needed
CBN Deputy Governor Emem Usoro reports inflation at 16.05%, naira below ₦1500/$ but says Nigerians yet to feel relief. Calls for fiscal-monetary policy alignment.
Bar Rescue Cast Updates and Successful Bars Revealed
Discover what the Bar Rescue cast members are doing today and learn which struggling bars actually survived after Jon Taffer's interventions. Get exclusive updates on your favorite experts!
Naira weakens to N1,456.72/$ as economy faces pressure
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
Experts Urge FG to Cut MPR for Economic Growth
Economic experts advise the Nigerian government to reduce the Monetary Policy Rate and maintain policy consistency to stimulate investment and boost sustainable growth.
Naira loses N14.29 to dollar as trading week ends low
The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.
EU invests €30m in Nigeria-Africa creative networks
European Union launches €30m Africa-Europe Partnerships for Culture Nigeria Cluster to empower artists, expand creative networks and build stronger cultural bridges between Africa and Europe.
Breet transforms Nigeria's crypto economy with OTC model
Discover how Breet's OTC platform is overcoming crypto barriers in Africa, driving $205B in transactions. Learn about their mission to make digital assets accessible.
Page 1 of 4