Naira Snaps Decline, Gains on Improved Oil Prices, Dollar Supply

By Chuks Emele Nigeria’s naira snapped a recent trend of decline and gained as much as 4.4 percent in the … More

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