Naira floatation, cost cut-back boost Okomu Oil revenues by 47%
The technical devaluation of naira by Central Bank of Nigeria, which increased demand for local crude palm oil (CPO) and ...
Wednesday, February 11, 2026
Tag: CBN
Foreign investors upbeat on Nigeria’s new foreign exchange regime
The Central Bank of Nigeria’s (CBN) efforts to shore up and stabilize the country’s foreign exchange market is receiving rave ...
CBN boosts foreign exchange supply with $240m
The Central Bank of Nigeria (CBN) Friday June 23, 2017 allocated the sum of $240 million to the retail secondary ...
Nigeria’s oil production falls 29.55% year-to-date below budget benchmark of 2.2mbpd
Nigeria’s suboptimal oil production levels of 1.55 million barrels per day year-to-date is 29.55 percent below the 2017 budget benchmark ...
Nigeria’s central bank moves to liberalise management of non-performing assets
* To licence private asset management companies with N10bn capital base.... The growing non-performing assets of banks and the slow ...
Gaps in multiple forex rates narrow, naira opens at N364/$ Wednesday
Strong interventions by Central Bank of Nigeria (CBN) geared towards achieving stability amidst  convergence in the exchange rate of the ...
Nigerian stocks risk downgrade on naira value as MSCI reclassifies markets
The value of Nigeria’s local currency, the naira, could be a strong factor in Morgan Stanley Capital International’s (MSCI’s) index ...
CBN boosts forex market with $195m, insists on transparency among stakeholders
Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central ...
CBN offers $100 million at special foreign currency auction
Nigeria’s central bank has indicated that it would offer about $100 million at a special foreign currency auction this week, ...
Outlook for naira positive amid fiscal worries going into 2018
Nigeria’s new foreign exchange policy, which has seen the creation of the Investor and Exporters forex window by the Central ...
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