Foreign Reserves Decline by $4.07bn in 11 Months as CBN Clears FX Backlog
Nigeria’s foreign reserves dropped by $4.07 billion in 11 months of 2023 amid Central Bank of Nigeria (CBN) intervention in the foreign exchange market. Nigeria’s foreign exchange buffer closed November 30, 2023 at $33 billion; dropping by nearly 11 per cent or $4.07 billion from $37.069 billion it opened this year. The CBN governor, Mr. […]
N1tn commercial papers listed in 10 months on FMDQ
Over N1tn worth of Commercial Papers were listed on the FMDQ Exchange in the first 10 months of this year. This marked a 279.38 per cent increase in the listing of CPs on the exchange compared to the same period in 2022. Based on findings by The PUNCH, the value of new listings/quotations as of October […]