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1 month ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Naira yesterday depreciated to N1,515 per dollar in the parallel market from N1,510 per dollar on Monday. Similarly, the Naira depreciated to N1,502 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,502 per dollar from N1,499 per dollar on Monday, indicating N3 depreciation for the naira.
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1 month ago | 
allafrica.com | Elizabeth Adegbesan
In apparent reflection of liquidity constraints in the interbank money market, banks' borrowing from the Central Bank of Nigeria, CBN, rose by 171 percent month-on-month (MoM) to N24.81 trillion in February 2025 from N9.15 trillion in January 2025. The CBN has two short term lending windows for banks, namely the Standing Lending Facility (SLF) and Repurchase (Repo) lending.
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1 month ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Naira yesterday depreciated to N1,510 per dollar in the parallel market from N1,505 per dollar last weekend. But the Naira appreciated to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM)Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,499 per dollar from N1,500 per dollar last week Friday, indicating N1 appreciation for the naira.
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1 month ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Naira yesterday depreciated to N1,495 per dollar in the parallel market from N1,490 per dollar on Wednesday. Similarly, the Naira depreciated to N1,496 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,496 per dollar from N1,495 per dollar on Wednesday, indicating N1 depreciation for the naira.
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1 month ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Naira yesterday appreciated to N1,490 per dollar in the parallel market from N1,502 per dollar on Tuesday. Similarly, the Naira appreciated to N1,499.8 per dollar in the Nigerian Foreign Exchange Market (NFEM)Data published by FMDQ showed that the indicative exchange rate for the naira fell to N1,499.8 per dollar from N1,501 per dollar on Tuesday, indicating 20 kobo appreciation for the naira.
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1 month ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
•Non oil sector leads with 5.37% growth •Oil sector grows 5.5%By Elizabeth AdegbesanNigeria’s Gross Domestic Product (GDP) grew by 3.4 percent in 2024 representing a 0.66 percentage point year-on-year( YoY) growth when compared to 2.74 percent recorded in 2023. The improvement in GDP growth in 2024, followed the 3.84 per cent growth recorded in the fourth quarter, Q4’24, which represents 0.38 percentage points higher than the 3.46 per cent growth recorded in Q3’24.
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2 months ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
•As imports, exports fallBy Elizabeth Adegbesan Nigeria recorded $18.75 billion trade surplus in the first eleven months of 2024 (11m’24). This represents a 26.4 percent year-on-year (YoY) increase when compared with $14.83 billion recorded in the corresponding period of 2023. Breakdown of the Central Bank of Nigeria, CBN, Monthly Economic Report for the review period showed that exports fell by 1.98 percent YoY to $51.18 billion from $52.23 billion in the same period of 2023.
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2 months ago | 
9jaflaver.com | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Central Bank of Nigeria, CBN, has threatened to sanction banks that limit Automated Teller Machines (ATM) withdrawal to less than N20,000 per transaction. The apex bank disclosed this in a document addressing concerns over the reviewed fees on ATM withdrawal. Recall that CBN on Tuesday increased ATM transaction withdrawal fees, saying, from March 1st, bank customers will pay N100 charge for every N20,000 withdrawal from the on-site ATM of other banks.
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2 months ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Naira yesterday appreciated to N1,565 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,515.06 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ Exchange showed that the indicative exchange rate for the naira rose to N1,515.06 per dollar from N1,511.63 per dollar on Wednesday, showing N3.43 depreciation for the naira.
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2 months ago | 
newsheadlines.com.ng | Elizabeth Adegbesan
By Elizabeth AdegbesanThe Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,560 per dollar on Tuesday. But the Naira appreciated to N1,513 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,513 per dollar from N1,513.1 per dollar on Tuesday, showing a 10 kobo appreciation for the naira.
