• Letter of credit now at $500 million • Bank liquidity to decrease further By ODUNEWU SEGUN NIGERIA’S overnight interbank lending rate rose week-on-week to an...
By Odunewu Segun Manufacturing Association of Nigeria has said it is asking the Central Bank of Nigeria to sell dollars directly to its members instead of...
Expert predicts more gains By Odunewu Segun Nigeria’s local currency, the naira has staged a comeback. The naira gained over N60 against the dollar on Tuesday’s...
. Ghana restricts certain goods from Nigeria By Odunewu Segun The value of the naira has continue with his descent in recent times against the United...
Nigeria’s naira weakened to a record 345 to the dollar on the parallel market on Monday, increasing pressure on the government to devalue the official exchange...
…bank rates surge by 2.9% The naira has dropped further to 313.5 against the United States dollar at the parallel market on Wednesday as shortage of...
By ODUNEWU SEGUN SENATOR Sheu Sani, Chairman, Senate Committee on Foreign Domestic Debts at the weekend said with the high exchange rate of about N305 to...
By Odunewu Segun The decision to maintain the status by the Central Bank Nigeria at its last Monetary Policy Council meeting has increased uncertainty in the...
By ANDREW OJIEZEL THERE have been mixed reaction from stakeholders following the last week announcement by Governor of Central Bank of Nigeria (CBN) Godwin Emefiele. In...
Nigeria’s currency, the naira earlier this morning depreciated further at the parallel market amid growing shortage of the currency. National Daily gathered that the naira lost...
