By Chuks Emele Nigeria’s naira snapped a recent trend of decline and gained as much as 4.4 percent in the … More
Tag: Nigeria exchange rate
Naira Flirts With 500 Per Dollar on Gloomy Outlook
By Chuks Emele Nigeria’s naira currency weakened against the dollar in the parallel market amid mounting political risk, despite central … More
CBN, Single Exchange Rate and the Rest of Us
Penny Wisdom CBN, Single Exchange Rate and the Rest of Us By Emeka Uzoatu By now, the reality that the … More
CBN Devalues Naira 8.5%, Adopts NAFEX Rate
CBN Devalues Naira 8.5%, Adopts NAFEX Rate By Sahabi Abdul The Central Bank of Nigeria officially devalued the naira by … More
Markets Await CBN Clarity on Exchange Rate
Markets Await CBN Clarity on Exchange Rate By Sahabi Abdul Nigeria’s financial markets are awaiting clarity from monetary authorities on … More
Nigeria Rejects IMF Advice to Devalue Naira
By Bashir Olanrewaju Nigeria rejected advice from the International Monetary Fund to devalue its currency and merge its multiple-exchange rate … More
Naira Crashes in Interbank Trading as Rate Gaps Narrow
By Sahabi Abdul Nigeria’s naira plunged in the import-export window of the interbank market, crossing the four hundred mark for … More
Money Changers Want a Piece of Diaspora Remittances Pie
By Bashir Olanrewaju Money changers grouped under the Association of Bureaux des Change Operators of Nigeria (ABCON) have asked to … More
Nigeria’s Senate Approves 13.5 Trillion Naira Spending Plan
By Sahabi Abdul Nigerian senators passed the 2021 Appropriation Bill, keeping to a pledge to President Muhammadu Buhari to approve … More