In a move to stabilize the naira and narrow the gap between the official and unofficial foreign exchange rates The Central Bank of Nigeria...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 18.75 percent...
The recent decline in the Naira’s value across official and parallel markets has prompted suggestions from financial experts to mitigate currency volatility and prevent further depreciation....
The Central Bank of Nigeria (CBN) has announced a significant policy change, directing all authorised dealer banks to cease the payout of Personal Travel...
The Naira exchange rate worsened in the black market, sliding to N1517/$1, marking a 1.78 percent decrease from the previous day’s rate. Despite various policies implemented...
The Naira has lost about 68% of its value, marking a profound downturn since the implementation of the foreign exchange unification policy In...
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) slated for February 26-27, 2024, leading investment banking firm,...
For the 4th time in 10 days, the Central Bank of Nigeria (CBN) has raised the exchange rate for calculating Customs import duties rate at the...
The Central Bank of Nigeria (CBN) recently announced significant reforms in the foreign exchange market, signaling a stride towards a market-driven exchange rate mechanism,...
Amid rising insecurity, declining value of the local currency, climate change and oil theft, among others, analysts have expressed cautious optimism on the recipe for drop...
