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The Central Bank of Nigeria (CBN) under the leadership of Governor Olayemi Cardoso has successfully mopped up a staggering sum of N1.51 trillion through Open Market Operation (OMO) bills within the span of four months, a comprehensive analysis by BusinessDay reveals. The auctions, predominantly featuring long-tenured bills ranging from 180 to 365 days maturity, aimed […]
The Nigerian currency has once again experienced a significant drop in value against the US dollar in the foreign exchange market. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) reveals that the Naira depreciated by over N90 against the US dollar, signaling further economic instability. The Naira’s value on the official market fell by […]
