The Central Bank of Nigeria (CBN) has sold $876.26m to end users whose bids were submitted by some 26 banks. The action aims to support the declining value of the naira, according to a circular issued by the apex bank on Wednesday. The situation coincides with the naira being under pressure from summertime tourists and…
The Central Bank of Nigeria’s most recent statistics shows that for the first five months of this year, the country’s debt service costs totaled approximately N2.2 billion. This represents over half of the $4.8 billion Fitch Ratings estimated for the full year in a report predicting Nigeria’s external debt servicing to increase to $5.2 billion…
𝐂𝐁𝐍 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐬 𝐥𝐢𝐬𝐭 𝐨𝐟 𝐥𝐢𝐜𝐞𝐧𝐬𝐞𝐝 𝐃𝐞𝐩𝐨𝐬𝐢𝐭 𝐌𝐨𝐧𝐞𝐲 𝐁𝐚𝐧𝐤𝐬
