The Central Bank of Nigeria (CBN) has reassured foreign investors of a stable, reform-driven economy, supported by growing external reserves, improved foreign exchange inflows, and […]
Category: currency
Dollar Weakens As United States Shutdown Risks Intensify
The United States dollar slipped on Monday as traders reacted to renewed fears of a partial government shutdown and awaited key economic data that could […]
Indonesia’s Central Bank Surprises Markets with Rate Cut to 4.75%
Indonesia’s central bank surprised markets on wednesday with another interest rate cut, trimming its benchmark by 25 basis points to 4.75%. It was the sixth […]
SOUTH AFRICAN RAND TRADED STEADILY AGAINST THE DOLLAR, AS INVESTORS LOOKED AHEAD TO KEY INFLATION FIGURES .
The south african rand traded steadily against the dollar on friday as investors looked ahead to key inflation figures and a central bank meeting next […]
Cryptocurrency Market Rise After Trump’s Tariff Pause Announcement
The cryptocurrency market rose past $82,000 on Thursday after U.S. President Donald Trump announced a temporary 90-day pause on tariffs for most trading partners, excluding […]
CBN Sells $197.71m to Boost Forex Liquidity
The Central Bank of Nigeria (CBN) has sold $197.71 million to authorized dealers. The intervention is aimed at improving liquidity and addressing recent pressures on […]
CBN Denies Reports of New N5,000 and N10,000 Banknotes
The Central Bank of Nigeria (CBN) has dismissed claims that it introduced new N5,000 and N10,000 banknotes, calling the reports fake. In a statement on […]
Nigerians to Lose Access to USSD
Millions of Nigerians will lose access to the Unstructured Supplementary Service Data, USSD, of nine banks, following the planned stoppage of the service by telecommunication […]