CBN Pumps $428m into Forex Market to Defend Naira in less than 2 weeks
In a decisive bid to bolster the Nigerian naira, the Central Bank of Nigeria (CBN) pumped $428 million into the
Jeremiah Ayegbusi June 16, 2025
- July 30, 2025
In a decisive bid to bolster the Nigerian naira, the Central Bank of Nigeria (CBN) pumped $428 million into the
The naira has surged to N1539.7248 per US dollar on the Central Bank of Nigeria’s official foreign exchange platform. This
The Central Bank of Nigeria (CBN) has categorically dismissed reports claiming an extension of the Bureau De Change (BDC) recapitalisation
The naira appreciated to N1,565/$1 in the official market on Wednesday, marking a 0.8% gain from Tuesday’s rate of N1,579/$1,
The Nigerian Exchange (NGX) closed Thursday’s session on a negative note, with the All-Share Index (ASI) declining by 0.07% to
The Nigerian naira weakened to N1,583 per US dollar on Monday at the official market, down from N1,579 per dollar
The Nigerian Naira extended its gains against the U.S. Dollar on Wednesday, appreciating by 0.21% to close at N1,596.70 per
The naira lost value against the dollar at both official and parallel foreign exchange markets on Wednesday, for the first
The Nigerian naira fell against the U.S. dollar at the official market, closing at N1,604.00/$1 on Tuesday, down from N1,599.00/$1
In an attempt to contain exchange rate volatility, the Central Bank of Nigeria (CBN) launched a daring foreign exchange (FX)
The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among
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