Tag: CBN
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Naira tumbles past 1,500 to dollar – first time in 2 months
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...
New tax ignites fury among already suffering Nigerians
Nigerians reacted with fury Tuesday a day after the government imposed a new levy on digital transactions at a time of extreme hardship caused...
Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
Recapitalization: First Bank’s holding company to raise N300 billion
Nigeria's FBN Holdings, parent company of the banking giant First Bank, is seeking shareholder approval to raise up to N300 billion.
The company plans to...
CBN crashes dollar rate with new sales to BDCs
The Central Bank of Nigeria (CBN) has announced continued dollar sales to Bureau De Change (BDC) operators, in a bid to further strengthen the...