Nigeria Records $6.83 Billion Balance of Payment Surplus in 2024, Signaling Economic Revival
Nigeria Achieves $6.83 Billion Balance of Payment Surplus in 2024, Indicating Economic Recovery Nigeria has recorded a balance of payments ...
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Tag: #CBN
Domestic Economy: CBN Facilitates 17.2% Increase in International Payments, Despite Decline in Foreign Exchange Inflows
According to the Central Bank of Nigeria (CBN), international payments facilitated by the apex bank grew by 17.2% year-on-year to ...
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Central Bank of Nigeria (CBN) Reports N18.04 Trillion Borrowed by Banks in October 2024 Amid Liquidity Crisis
Financial data released by the Central Bank of Nigeria (CBN) reveals that deposit money banks and merchant banks in the ...
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Naira gains 5bps to NGN1,600.00/USD amid demand-supply imbalance challenges
Last week, the naira appreciated marginally by 5 basis points to NGN1,600.00/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM), ...
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CBN Launches Re-Validation of $2.4bn Foreign Exchange Claims Amidst Manufacturer Concerns
The Central Bank of Nigeria (CBN) has initiated a re-validation exercise aimed at addressing the complaints of manufacturers and importers ...
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FOREX: CBN Caps Bureau De Change Cash Sales at $5,000 Per Transaction to Stabilize Market
The Central Bank of Nigeria (CBN) has imposed a limit of $5,000 on the amount of foreign exchange that Bureau ...
Read moreCBN Mandates Routing of All POS Transactions Through Licensed Aggregators, NIBSS and UPSL
The Central Bank of Nigeria (CBN) has directed that all Point of Sale (POS) transactions in the country must now ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.