Yuletide over, the latest data from the Central Bank of Nigeria (CBN), on Tuesday, indicated that currency in circulation dropped by N188.337 billion or 10.59 per cent at the end of January. According to figures available on the apex bank’s website, currency in circulation as captured at the end of […]
Tag: Naira
Nigeria central bank confident it can defend naira after intervention
Nigeria’s central bank intervened to stabilise the naira on Thursday, deputy governor Sarah Alade told Reuters, after the currency fell to an all-time intraday low of 167 to the dollar. She added that, with $42 billion of reserves, she was confident the bank would be able to maintain the currency […]
Nigeria c.bank tightens rules for currency dealers to support naira
* Central bank to require dealers to park naira at c.bank before currency auctions * Naira has fallen 2.9 percent so far this year * Dealers say latest move unlikely to halt slide in local currency * Central bank has been selling $800 mln weekly at forex auctions Nigeria’s central […]
