The International Monetary Fund (IMF) has praised the Central Bank of Nigeria (CBN) for the bold reforms it introduced to stabilise the economy, but warned that Nigeria may exceed its …
Foreign exchange inflows into Nigeria through International Money Transfer Operators (IMTOs) rose sharply to $4.76 billion in 2024, representing a 44.49 per cent increase from $3.30 billion recorded in 2023. …
The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …