Cardoso Says Clearing FX Backlog Boosted Nigeria’s Foreign Reserves
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso says the clearing of outstanding foreign exchange (FX) obligations was a key ...
Sunday, November 2, 2025
Tag: FX
Nigeria’s FX Reserves Jump $1.03bn
Nigeria’s foreign exchange reserves rose by $1.03 billion in one month, as Central Bank Governor Olayemi Cardoso said the regulator ...
Fixing FX Issues Major Option As Multinationals Exit Nigeria
The recent decision by the House of Representatives to investigate the mass exodus of multinational companies (MNCs) from Nigeria underscores ...
CBN Spends $581m On FX Interventions – FMDQ
The Central Bank of Nigeria (CBN) has so far spent $581 million on foreign exchange interventions at the Nigeria Autonomous Foreign Exchange ...
FX Crisis: Cargo Clearance Exchange Rate Surges By 4.4%”
The exchange rate for cargo clearance in Nigeria experienced a significant surge, rising from N1,356.8/$ to N1,413.6/$ within 24 hours ...
