Tag: CBN
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Naira Appreciates by N20 in Black Market Amid CBN Forex Policy Changes
The Nigerian naira showed resilience in the parallel market while experiencing a third consecutive decline against the dollar at the official foreign exchange market...
CBN Limits BDCs’ Forex Operations to $25,000 Weekly for Greater Control
In a move to strengthen the management of foreign exchange (FX) and curb illicit activities in Nigeria's currency market, the Central Bank of Nigeria...
Nigeria’s Corporate Loan Market Stable as 91% Remain Performing – CBN
The Central Bank of Nigeria (CBN) has revealed that 91% of corporate loans issued by banks remain performing, indicating a strong repayment trend among...
NAHCON Targets Lower Hajj Costs with Request for CBN Fee Waiver
In a bid to reduce the cost of Hajj for Nigerian pilgrims, the Chairman of the National Hajj Commission of Nigeria (NAHCON), Prof. Abdullahi...
Nigeria Resolves $7 Billion Forex Backlog, Boosting Investor Confidence
The Central Bank of Nigeria (CBN) has successfully cleared the long-standing $7 billion foreign exchange backlog, marking a significant step towards easing the foreign...
