Latest CBN News & Dollar to Naira Update Today 28 February 2024 can be accessed below. In this latest update on the Central Bank of Nigeria (CBN) and the Dollar to Naira exchange rate for today 28 feb 2024 , we delve into the significant developments affecting the Nigerian economy. From the impact of FX […]
CBN Sells $300m to Access, UBA, Zenith, Others, to Boost Naira Value The Central Bank of Nigeria (CBN) continues its efforts to bolster the naira’s value against the US dollar across both official and unofficial markets. One of its recent strategies involves selling dollars to Nigerian banks, aimed at enhancing liquidity in the official exchange […]
Latest CBN News & Dollar to Naira Update Today 24 February 2024 can be accessed below. In this latest update on the Central Bank of Nigeria (CBN) and the Dollar to Naira exchange rate for today 24 feb 2024 , we delve into the significant developments affecting the Nigerian economy. From the impact of FX […]
The Central Bank of Nigeria (CBN) has increased the exchange rate for cargo clearance, marking the sixth adjustment in 2024 due to ongoing foreign exchange challenges. GoldenNewsNggathered that the rate has been set at N1,605 per US dollar, reflecting the latest measure to manage the fluctuating foreign exchange conditions. This adjustment was implemented on the […]
In an effort to stabilize the nation’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks to sell their excess dollar stock by the latest date of February 1, 2024, as revealed by a new circular. The directive specifically targets excess dollar liquidity exceeding $5 billion held by these banks. […]
The Central Bank of Nigeria (CBN) has updated its guidelines, announcing a substantial increase in the application fee for international money transfer operators (IMTO) license applications from N500,000 to N10 million. This surge of about 1,900% over a decade was outlined in the revised guidelines for IMTO operations released on January 31, 2024. In addition […]
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