CBN policies, stronger naira seen dampening lenders’ FX gains

CBN adds locally refined LBMA-standard Gold to reserves

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN)

The steep increase in foreign exchange revaluation gains recorded by Nigerian banks last year is unlikely to be seen in 2024 following the recent policies by the Central Bank of Nigeria (CBN) coupled with the appreciation of the naira, analysts say. In recent weeks, the naira has appreciated in t

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