Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade ...

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Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade ...

Nigeria’s central bank sold dollars to lenders to stem an erosion of the naira exchange rate, after a selloff induced by US tariff turbulence. The Abuja-based Central Bank of Nigeria sold $197. ...

The report, which is part of Nigeria's periodic economic update from the apex bank, was released in the Q4 2024 economic report. A report by the Central Bank of Nigeria (CBN) has placed the blame ...

In a circular issued on Sunday, the apex bank announced that it facilitated market activity on Friday by providing $197.71 million through sales to authorized dealers. Amid a decline of over 12% ...

Fresh revelations indicate that the Central Bank of Nigeria (CBN) had placed a condition for Access Bank to sell its DRC subsidiary before completing the deal. The exits, including a review of ...

A person holds a new 1000 Naira note as the Central Bank of Nigeria releases the notes to the public through the banks in Abuja, Nigeria, December 15, 2022. REUTERS/Afolabi Sotunde/File Photo ...

ABUJA, April 6 (Reuters) - Nigeria's central bank has sold nearly $200 million to support the naira currency after President Donald Trump's tariffs sent shockwaves through global markets ...

Details have emerged on how the newly appointed directors at the Central Bank of Nigeria (CBN) were selected. Sources close to the bank revealed at the weekend that the selection process was more ...

ABUJA (Reuters) - Nigeria's net foreign exchange reserves stood at $23.11 billion at the end of 2024, their highest level in three years, the Central Bank of Nigeria said, signalling a major ...