Falling oil prices may hurt external reserves, CBN naira defence policy
The consistent fall in global oil prices in the past few weeks may hurt the nation’s external reserves and inhibit ...
Tuesday, March 24, 2026
Tag: CBN
Naira appreciates 0.27% at parallel market, slumps 0.02% at interbank as CBN injects $418m Tuesday
The naira Tuesday had mixed fortunes at the foreign exchange market, appreciating by 0.27 percent at the parallel and recording ...
Nigeria interbank offer rate peaks at 126.7% as liquidity crunch hits banks
Liquidity pressures are mounting in Nigerian banks as the Nigeria Interbank Offered Rate (NIBOR) for overnight loans, the benchmark for ...
CBN injects $413.5m to defend the Naira
The Central Bank of Nigeria (CBN) injected $413.5million into the inter-bank Foreign Exchange market Monday. “The CBN offered the sum ...
CBN to auction N1.24trn treasury bills in two months
The Central Bank of Nigeria (CBN) debt calendar for the third quarter on Friday has shown that it will auction ...
Nigeria’s new forex derivative market offering competitive edge over interbank futures
An alternative forwards currency market is gradually taking root in Nigeria, Africa’s largest economy, following the introduction of a new ...
CBN targets foreign exchange from exports, directs exporters to register Form NXP
In a move to shore up foreign exchange earnings for the government, the Central Bank of Nigeria (CBN) has set ...
Forex liquidity eases trade financing pressures on Nigerian banks
The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the "Investors' and Exporters' FX Window", appears ...
Nigerian banks urged to support SMEs growth
The Nigerian Senate has urged commercial banks in the country and sector regulator, the Central Bank of Nigeria (CBN),to support ...
Nigeria’s central bank bans overnight holding of forex purchased at interbank market
*Introduces new spread limit of N1… The Central Bank of Nigeria (CBN) has banned authorized dealers at the foreign exchange ...
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