TETFUND relies on the Central Bank of Nigeria for foreign currency sourcing, and fund disbursement is impacted by exchange rate volatility.

The entities involved

• Central Bank of Nigeria →

  central bank

  • The Central Bank of Nigeria manages the financial system in Nigeria, with Olayemi Cardoso leading the management team.Mon 00:38
  • The Central Bank of Nigeria manages liquidity through the use of Treasury bills.Mon 00:24
• Tertiary Education Trust Fund →

  education Trust Fund in Nigeria

  Nothing else this week.

• naira →

  currency of the Federal Republic of Nigeria

  • Nigeria exemplifies Africa's manufacturing challenges, with high imports and economic issues pressuring the local currency.Mon 07:22
  • Stablecoin use is gaining global traction with support from Trump, posing challenges to the monetary policy of the naira in Nigeria.Mon 03:39

Related events

• Nigeria published data on its financial liabilities, and foreign inflows helped ease pressure on the naira currency.Jul 29
• Currency devaluation is impacting corporate revenue streams in Nigeria, while the Central Bank of Nigeria governs the official exchange rate.Sep 12
• The Central Bank of Nigeria (CBN) managed a surge in foreign exchange utilization within the Nigerian economy.Aug 31
• Nigeria faces foreign exchange issues, is reclassified into the FTSE Frontier Index, and the SEC confirms new foreign portfolio investment rules.Aug 28
• The equities market in Nigeria operates using the naira currency.Aug 31