CBN sells $122.671m to 46 dealers to stabilize FX
In its determination to promote stability and reduce market volatility in the foreign exchange market, the Central Bank of Nigeria, ...
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Tag: dollars
CBN directs banks to sell excess dollars stock in 24 hours
The Central Bank of Nigeria has ordered Deposit Money Banks to liquidate any surplus dollar stock by February 1, 2024, as part of new efforts to stabilize the country's erratic currency rate. The CBN, which disclosed in a new circular released on Wednesday, also warned lenders against hoarding excess foreign currencies ...
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Dollar pulls back, bitcoin jumps ahead of ETF approval deadline
The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts ...
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