China Sanctions 20 US Firms Over Taiwan Arms Sales
Beijing imposes sanctions on 20 US defence companies, including Boeing, after a major US arms sale to Taiwan. Tensions escalate over the island's status.
Category : Search result: CBN dollar sale
CBN Pumps $150M to Defend Naira Amid Forex Crunch
The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.
Naira Strengthens, Black Market Dollar at ₦1,478
The naira appreciates at NAFEM as black market traders adjust rates. CBN approves 82 BDCs, warns public to verify operators. Get the latest forex market analysis.
CBN Intervention Boosts Naira, Dollar Rate Improves
The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.
Naira Falls, FX Reserves See First Decline in Over 2 Months
The Naira weakened by N10 against the dollar last week as Nigeria's external reserves halted their upward trend. Get the latest on exchange rates and CBN's outlook for 2026.
NRC warns staff against unauthorised sale of properties
NRC MD Dr Kayode Opeifa issues a stern warning to railway managers over illegal leasing and sale of corporation's landed properties. Read the full details of the internal memo and the ongoing 17-year dispute.
Naira Suffers Sharpest Fall Amid Deepening Dollar Scarcity
The Nigerian naira recorded its steepest depreciation in weeks, falling to N1,469.90 per dollar despite CBN interventions. Discover the causes and market outlook.
Naira's 2025 Recovery: How CBN Policies Made the Difference
The Naira staged a remarkable recovery in 2025, closing stronger than 2024. Discover the 4 key CBN FX policies that drove stability and what experts predict for 2026.
Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Naira Falls at Official, Black Market Amid Thin Dollar Supply
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
Doctor Found Dead in Miami Store Freezer
The body of Dr. Helen Massiell Garay Sanchez, 32, was discovered inside a Florida Dollar Tree freezer. Police are investigating the 'unclassified death' as her family seeks answers and support.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Trump to be Involved in Netflix-Warner Bros. Deal Review
US President Donald Trump says he will be involved in the regulatory review of Netflix's $83 billion bid for Warner Bros., citing market share concerns. Read the full story.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Court Stops Sale of Embraer Aircraft, Demands Explanation
A High Court in Abuja has issued an interim order blocking the sale of an Embraer EMB-145LR aircraft. Justice M. A. Madugu ordered the defendants to show cause within seven days. Read the full details of the legal dispute.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
US Firm Withdraws Nigeria's Presidential Jet from Sale
The planned sale of Nigeria's presidential jet hits a snag as the US marketing firm, JetHQ, delists the aircraft. Get the latest details on this developing story.
FG Sets 2026 Budget Exchange Rate at N1,512/$1
The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.
CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
Presidential Boeing 737-700 Withdrawn from Sales Platform
The Tinubu administration's plan to sell a presidential jet hits a snag as US firm JetHQ delists the aircraft. Get the full story on the government's cost-cutting move.
CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
Indian rupee hits record low past 90 per dollar
India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
Mother tricks daughter, swaps $20 gift for N460
A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.
Xiaomi Nigeria's Christmas Sale: Big Discounts on Phones & Tablets
Xiaomi Nigeria launches its festive season sale with massive discounts on smartphones like the Redmi Note 14 series and a chance to win a European trip. Offers run from December 1st to 31st, 2025.
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