CBN, BDCs and Nigerian naira
Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 per dollar foreign exchange rate to tackle the FX crisis across the country.
Naira Declines by 8.2% Amid Dollar Shortage Despite CBN’s Policy Decision
The value of the Nigerian naira resumed its declining trend on Wednesday, September 25, according to data compiled by Bloomberg from FMDQ website.
CBN Approves Sale Of $20,000 To Eligible BDCs At N1,590/$ To Meet FX Demand
The CBN is set to sell $20,000 to eligible BDC operators at N1,590/$ to meet demand for invisible transactions
CBN Sells $20,000 To Each BDC At N1,590/$ To Meet Retail Demand
The Central Bank of Nigeria (CBN) has announced the provision of additional liquidity to the Bureau De Change (BDC) segment of the foreign exchange market to
Naira Bounces Back After CBN Sells 'Cheap Dollars' to BDC Operators
The Nigerian currency has appreciated significantly against the dollar, British pound, and euro in the foreign exchange market after the CBN's intervention.
Nigeria: CBN to sell $20,000 to BDCs at $996 per dollar
This intervention is expected to inject additional liquidity into the forex market and stabilize rates for transactions related to personal travel allowances (PTA), business travel allowances (BTA), tuition fees,
CBN approves forex sales to BDCs at N1,590/$
Naira slumps massively against dollar in response to CBN’s interest rate hike
The naira crashed massively against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fifth interest rate hike to 27.25 per cent. FMDQ data showed that the naira exchanged at N1658.
Nairametrics32m
The CBN’s latest monetary policy hike: The good, the bad, and the downright ugly
In a move that has sent shockwaves through Nigeria's financial landscape, the Central Bank of Nigeria's Monetary Policy Committee (MPC) has once again defied expectations.
Arise8h
Nigerian Manufacturers Slam CBN’s MPR Hike, Citing Risks to Growth and Investment
MAN has expressed deep concern over the latest MPR hike, stating that it will increase borrowing costs, depress manufacturing ...
Vanguard11h
Alleged missing $49.8bn: Why Sanusi had to go as CBN Gov — Jonathan
There were serious infractions that needed to be looked at. That was the reason. But somehow, the time was short. So before ...
Punchng on MSN18h
Inflation: MAN asks CBN to halt interest rate hikes, explore alternative measures
The Manufacturers Association of Nigeria has called on the Central Bank of Nigeria to stop increasing the monetary policy ...
The Punch Newspapers18h
CBN needs to limit interest rate hikes
The CBN’s core mandate includes stabilising prices and the exchange rate, but other options can be explored, especially on the fiscal side. A fixation on interest rate hikes ignores the need to ...
Insurancenewsnet.com22h
Unemployment Rises to 5.3 Percent As CBN Hikes Interest Rate to 27.25 Percent
The MPR, set by the Monetary Policy Committee, MPC, of the CBN is a benchmark of the interest rate charged by banks to their customers. This is just as an analyst at Renaissanceafrica Company, Mr.
Daily Post Nigeria on MSN2d
CBN interest rate hike will kill investments – NACCIMA, business owners
Key players in the Nigerian business and economic sector have kicked against the recent interest rate hike by the Central ...
legit9h
Drama as Jonathan, Sanusi Disagree over Sack As CBN Gov, Details Emerge
Ex-President Goodluck Jonathan and the Emir of Kano, Muhammadu Sanusi II, are at odds over the circumstances surrounding ...