CBN - Central Bank Of Nigeria
The naira has hit a 30-day low in the official market, trading at N1,419 per dollar and N1,340 in the parallel market as foreign exchange turnover declines.
The Association of Bureau de Change Operators of Nigeria (ABCON) has announced plans to set up a unified foreign exchange market system to boost naira's performance.
In order to strengthen its operations in Nigeria and support its clientele in the country, Standard Chartered Bank has appointed a new CEO in the region.
The value of Nigerian currency continues to remain distorted despite efforts by the Central Bank of Nigeria to stabilize the market and ensure liquidity.
Due to the Central Bank of Nigeria's (CBN) delayed currency disbursements to BDCs, banks and end users' demand for dollars has increased in the parallel market.
The value of the Nigerian currency recovered in the unofficial foreign exchange following a recent depreciation that has left the senate and others worried.
The Nigerian government is considering the merger of CBN's NIRSAL Microfinance Limited with the Bank of Agriculture to boost food security in Nigeria.
Barrister Okanlawon Gaffar has revealed the reason why the government do not need to fight cryptocurrency operators in strengthening the naira against the dollar.
To meet the new capital requirements set by the Central Bank of Nigeria (CBN), big banks have sprung into action by looking to raise their capital base.
CBN - Central Bank Of Nigeria
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