Nigeria’s naira eased 1.2 percent against the dollar on the black market on Tuesday despite the Central Bank of Nigeria attempt to improve dollar supply and...
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,...
The current Foreign Exchange (FOREX) regime adopted by the Central Bank of Nigeria (CBN) is beginning to generate concerns about the long term effects on Nigeria’s...
By Odunewu Segun Reacting to the Central Bank of Nigeria injection of about $240 million into the FX market on Monday, the Naira strengthened against the...
A former Minister of Education, Oby Ezekwesili has accused the Central bank of Nigeria of being overly obsessed with the nominal rate of the naira, thus...
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...
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...
