Connect with us

Business

CBN Assures To Improve Forex Liquidity In Coming Days

The acting CBN governor shared his belief that the changes in the market are driven mostly by speculative demand…

Published

on

cbn office logo
CBN

The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, says the apex bank will, in the next few days, be taking steps to improve the liquidity in the foreign exchange market.

RECOMMENDED FOR YOU  BREAKING: CBN Directs OPay, Palmpay, Kuda Bank And Moniepoint To Stop Onboarding New Customers

Speaking on Monday, Shonubi disclosed that he had met with President Bola Tinubu, who voiced his concern regarding developments in the market and its impact on Nigerians.

The acting CBN governor shared his belief that the changes in the market are driven mostly by speculative demand and was confident that the steps that will be implemented soon will significantly impact the market.

RECOMMENDED FOR YOU  Bank Transfer Narrations That Could Save Nigerians from Being Taxed
Advertisement

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

No defection for me ADC is home — Rhodes Vivour No defection for me ADC is home — Rhodes Vivour
Politics46 minutes ago

‘I Can Win Without Peter Obi, Obidient Movement’ – Gbadebo Rhodes-Vivour Declares

ADC governorship candidate Gbadebo Rhodes-Vivour says he can win the 2027 Lagos governorship election without Peter Obi or the Obidient...

adc david mark adc david mark
Politics1 hour ago

BREAKING! Court Ends ADC Leadership Battle, Affirms David Mark-Led Executive

The Federal High Court in Abuja has upheld the David Mark-led leadership of the ADC...

resizeplus NYSC Khaki Adire 1140x570 1 resizeplus NYSC Khaki Adire 1140x570 1
News2 hours ago

FG to Replace NYSC Khaki Uniform With Made-in-Nigeria Adire

The Federal Government has announced plans to replace the NYSC's traditional khaki uniform with locally produced Adire fabric...

soworee soworee
News4 hours ago

Sowore Vows to Scrap JAMB and Replace NYSC with Paid National Job Corps if Elected President

AAC presidential candidate Omoyele Sowore has unveiled sweeping education and youth reform plans, promising to scrap JAMB and replace the...

india whatsapp india whatsapp
News5 hours ago

India Halts WhatsApp’s New Username Feature Over Rising Scam Fears

India has asked Meta to delay the rollout of WhatsApp's new username feature, warning that it could make it easier...

minimum capital base minimum capital base
Business5 hours ago

CBN Sets Two-Day Limit on Contract Suspensions for Troubled Banks

The CBN has capped the suspension of certain contractual obligations involving failing banks at two business days.

kenneth atiku kenneth atiku
Politics5 hours ago

BREAKING: Atiku Appoints Kenneth Okonkwo as Spokesperson

Former Vice President Atiku Abubakar has appointed Kenneth Okonkwo as his spokesperson.

obasanjo sunny obasanjo sunny
News9 hours ago

‘God Forbid’ — Obasanjo Warns Nigeria Against Another Civil War

Former President Olusegun Obasanjo has warned that many of the factors that triggered Nigeria's 1967 civil war still exist today.

usa usa
Sports9 hours ago

USA Survive Balogun Red Card to Dump Bosnia Out of World Cup

The United States defeated Bosnia and Herzegovina 2-0 to reach the World Cup Round of 16 despite finishing the match...

belgium belgium
Sports9 hours ago

Belgium Stage Stunning Comeback to Sink Senegal in 125th-Minute

Belgium staged one of the greatest comebacks in World Cup history, scoring three late goals—including a controversial 125th-minute...

Advertisement