CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
J Kanya, on Wednesday. According to the CBN, the move will help operators meet retail market demand for eligible invisible transactions. “This is to inform the Bureau De Change Operators and the general public that the CBN will be providing additional ...
CBN Crashes Dollar in New Sales, Approves New Exchange Rate for BDCs
The Central Bank of Nigeria has announced another dollar sale to Bureau de Change operators and has set a strict selling exchange rate for Nigerians.
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 to sell another $20,000 to each BDC at N1,590/$1, limits profit margin to 1%
The Central Bank of Nigeria (CBN) has announced the approval of the sale of an additional $20,000 to each eligible
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 Sells $20,000 To BDC Operators At ₦1,590/$
The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,59
CBN approves forex sales to BDCs at N1,590/$
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.
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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 ...
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“Businesses Will Suffer”: Nigerian Bank MD Calls Out CBN Over High Interest Rates
The Managing Director and CEO of Fidelity Bank, Nneka Onyeali-Ikpe, has called out the Central Bank of Nigeria for increasing ...
Insurancenewsnet.com4h
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.
TheCable2d
CBN to supply N1.4trn to increase liquidity in banks, says Cardoso
The Central Bank of Nigeria (CBN) says N1.4 trillion will be distributed in the next three months to aid cash flow within the ...
Nairametrics1d
Legal implications of CBN’s 5% borrowing Cap: Agbakoba and Ozekhome weigh in
Lawyers have analyzed the legal implications and consequences associated with the Central Bank of Nigeria's (CBN) ...
Daily Post Nigeria on MSN1d
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 ...
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CBN Adjusts FX For Banks, Currency Traders, Others as Naira Sets New Records in Official Window
The Nigerian currency, the naira has plummeted to an all-time low in the official market and a seven-month low in the ...