External Reserves Dip 6.5% YTD On Debt Servicing, Dollar Sales
Nigeria’s gross external reserves have declined by 6.5 per cent year-to-date, shedding $2.67 billion between January and May 2025, amid ...
Tag: Dollar
Oil Prices Retreat To $76 On Strong Dollar
Global oil prices edged lower on Monday, halting a five-session rally, as the surging US dollar weighed on market sentiment ...
Domestic FGN Dollar Bond Achieves 180% Subscription, Raises $900m
The FGN Domestic Dollar Bond, Nigeria’s first ever domestic US dollar-denominated bond, achieved 180 per cent subscription. The transaction generated ...
Naira Rebounds, Gains N28.15 Against Dollar
The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official ...
CBN’s Fresh Dollar Sales To BDCs Boost Naira To N1,250/$1
The Central Bank of Nigeria (CBN) has initiated the sale of $10,000 each to Bureau De Change (BDC) operators, offering ...
Sentiments, Reforms Push Naira Value To N1,136/$1
As the value of the naira hit a year high of N1,000 to the dollar on the parallel market, analysts ...
CBN Crashes US Dollar Rate To N1,101/$1, Offers $15.88m
The Central Bank of Nigeria (CBN) has crashed the exchange rate for Bureau De Change (BDC) operators to N1,101 per ...
JUST-IN: BDCs Not Selling Dollar At N1,000/$1
Contrary to social media reports making the rounds on Facebook and X (formerly Twitter), claiming that a US Dollar was ...
CBN Reports Upsurge In Dollar Inflow
The Central Bank of Nigeria (CBN) has reported an increase in foreign exchange inflow into the economy in February 2024, ...
Swimming Against The Tide Over Dollar
On Wednesday, Vice President Kashim Shettima came short of raining curses on social media users who celebrated the depreciation of ...
