Inches closer to FX rate convergence By Odunewu Segun The latest significant appreciation of the naira by N12 to close at N363/$ on the parallel market...
The naira appreciated to N383 against the United States dollar at the parallel market as the Central Bank of Nigeria continues to supply dollars into the...
As part of efforts to soak up liquidity from the banking system and support the local currency, the Central Bank of Nigeria, CBN, said it plans...
as CBN offers $81.2m SME segments, others Nigeria’s local currency traded at N400 to the US dollar on Monday on the FX window introduced barely two...
The retail segment of the interbank forex market received a boost on Friday, as the Central Bank of Nigeria intervened with the sum of $388.66m sold...
By Odunewu Segun The Nigerian naira is seen stable around the prevailing level in the coming days as the Central Bank of Nigeria continues to open...
vows to sanction banks By Odunewu Segun The Central Bank of Nigeria (CBN) at the weekend rejected calls by the International Monetary Fund and other international...
The Naira firmed against the US dollar at the parallel market on Tuesday, closing at N398 to the dollar, as the Central Bank of Nigeria sustains...
By Odunewu Segun Analysts have predicted a likely rise in the value of the Naira against the dollar on increase dollar sales to Bureau De Change...
By Odunewu Segun The Central Bank of Nigeria has increased the limit on banks’ foreign currency borrowings to 125 percent of shareholders’ fund after some lenders...
