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  1. admin

    Nigeria Naira appreciates as CBN clears banks' $6.7 billion forex backlog

    The Minister of Finance, Wale Edun, has estimated that the outstanding forward payments total $6.7 billion. The news that the Central Bank of Nigeria has started to clear some of its foreign exchange backlogs on Thursday has caused the naira to strengthen to N1,120 against the dollar in the...
  2. admin

    ?Ask Where is Nigeria's Central Bank headquarters in Abuja?

    The 1958 Act of Parliament established the Central Bank of Nigeria (CBN), and it was subsequently amended in 1991, 1993, 1997, 1998, 1999, and 2007, in that order. Officially, it started operating in 1959. The Federal Government of Nigeria's monetary and financial policies are administered and...