Just In: CBN clears all $7bn FX backlog as Nigeria’s external reserves rise to $34.11bn
The external reserves have seen a significant rise, reaching $34.11 billion as of March 7, 2024, the highest level in eight months
The Central Bank...
ECONOMY: CBN sells record N1.3tr Treasury Bills to strengthen naira
Investors submitted bids totaling N1.5 trillion, which is more than the N312 .9 billion offered by the CBN
The Central Bank of Nigeria (CBN) has...
Economy: CBN Slashes Customs FX Duty Rate By 5.3% As Naira Stabilises
The Customs FX duty rate was reviewed downward from N1630.159/$ to N1, 544.081/$ on Monday, March 04, 2024
Following the recent stability in the exchange...
CBN Revokes Licences Of 4,173 bureaux de change operators
The affected institutions listed on the CBN website failed to comply with regulations, including the “payment of all necessary fees, license renewal, within the...
Forex Trade: $26bn passed through Binance from ‘unknown sources’, CBN reveals
“In the case of Binance, in the last one year alone, $26 billion has passed through Binance Nigeria from sources and users who we...
