By Odunewu Segun With over $768 million injected into the forex market last week, the black market rate remained at N406/$1 suggesting that the effect of...
By Odunewu Segun Despite the Central Bank of Nigeria’s effort to inject liquidity into the official market to support the naira, the local currency has weakened...
By Odunewu Segun Nigeria’s overnight lending rate rose by 2.5 percentage points this week after the Central Bank of Nigeria debited bank accounts for debt purchases,...
Say accessing dollar from banks remains cumbersome By Odunewu Segun While commercial banks in the country complain of sharp drop in dollar demand by its customers,...
By Odunewu Segun The naira on Monday took a further plunge against the dollar at the parallel market, shedding two more points to trade at N395...
The Central Bank of Nigeria (CBN) has continued to boost the country’s foreign exchange liquidity with 240 million dollars, part of which 150 million dollars will...
The naira which has firmed 17 per cent since last month due to Central Bank of Nigeria’s dollar sales on the official market, eased by 1.8...
Nigeria’s over subscribed Eurobond during the week showed that investors will flock to the country’s dollar assets. But when it comes to naira ones, they’re staying well away....
After weeks of Central Bank of Nigeria’s intervention in the foreign exchange market, the naira moved in a reverse direction and dropped, albeit by a small...
By Odunewu Segun The Central bank of Nigeria (CBN) has ordered all deposit money banks to immediately commence the sale of foreign exchange to their customers...
