Tag: Currency
CBN Sells $198 Million Amid Falling Oil Prices to Stabilize Naira
Photo illustration of Olayemi Cardoso with naira and dollar notes. Crude oil prices have weakened, declining by over 12% to approximately $65.50 per barrel, [more…]
CBN Debunks Fake Circular on New ₦5,000 and ₦10,000 Notes
Circular Introducing New ₦5,000, ₦10,000 Notes Is Fake — CBN The Central Bank of Nigeria (CBN) has disowned a circular claiming it has introduced [more…]
CBN Not Using Foreign Reserves To Defend Naira — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country is not using its foreign reserves to defend the naira. [more…]
