forex

Nigeria not using foreign reserves to defend naira, says CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves…

7 months ago

Presidency Urges Currency Speculators to Dump Dollars as Naira Optimism Peaks

  Nigeria’s naira currency has seen a recent decline against major currencies like the dollar, plummeting from $1 to N1,500…

8 months ago

CBN Directs Banks to Sell Excess Dollars

The Central Bank of Nigeria (CBN) has issued a directive mandating Deposit Money Banks (DMBs) to divest themselves of excess…

9 months ago

CBN Injects Another $210 Million Into Forex Market

In continuation of its intervention in the inter-bank sector of the Foreign Exchange market, the Central Bank of Nigeria (CBN)…

7 years ago