- The Central Bank of Nigeria is facing pressure to mandate sweeping recapitalization of the commercial banking sector while pushing back against IMF warnings regarding foreign-exchange practices.
- CBN efforts and foreign exchange directives led to anticipated naira strength and stabilization in the market.
CBN reaffirms commitment to preserving public confidence in the naira and issues warnings on currency acceptance nationwide.
2 reports, 1 independent
Updated Jul 8
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What happened
CBN reaffirms commitment to preserving public confidence in the naira and issues warnings on currency acceptance nationwide.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Central Bank of Nigeria
central bank
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naira
currency of the Federal Republic of Nigeria
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Nigeria
sovereign state in West Africa
Related events
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- Peter Obi accused the government of piling up debts, while banks raised rates despite the Central Bank of Nigeria lowering interest rates.
- Nigeria's federal government unveiled a new economic framework, which is currently being considered by the National Economic Council in Abuja.