Nigeria’s reserves have increased steadily, reaching $34.14 billion on Friday after increasing by 4.06% from $32.74 billion on June 3, 2024, according to figures released...
The Naira, the currency of Nigeria, strengthened against the US dollar on Wednesday in both the official and black markets. On the black market, the local...
The Central Bank of Nigeria (CBN) has restated its restriction on banks in the country from using their currency revaluation gains for dividends or operational expenses,...
A further $64.44 million of the verified foreign exchange backlog owed to airlines has been paid by Nigeria’s central bank. The payment brings the total payments...
Fitch, a global credit ratings agency, has said that Nigeria’s Central Bank is still having trouble getting enough funds to clear its foreign exchange backlog. Last...