The Nigerian Naira on Tuesday, February 14, remained low against the U.S dollar at the parallel or black segment of the Nigerian foreign exchange market, trading...
By Odunewu Segun FirstBank, Zenith and three other banks dominated the Central Bank of Nigeria’s 1.1bn foreign exchange utilization in the month of November, 2016, National...
By Odunewu Segun The Naira at the parallel market depreciated further to N495/$ on Thursday as predicted by finance experts. They had predicted that Naira...
By Odunewu Segun While the naira has been steady at about the same price it closed 2016 at-N490/$, and closing the first trading day of 2017...
The Central Bank of Nigeria has been urged to review the foreign exchange restriction placed on 41 items imported into the country. Dr.Uche Uwaleke, Head of...
By Odunewu Segun The naira at the weekend closed the year at N490 against the United States dollar at the foreign exchange market despite permutations by...
The naira plunged further against the United States dollar to a new record low of 480 on Thursday, down from 472 it recorded on Wednesday....
By Odunewu Segun The naira appreciates by 1.39% to the Dollar, on Wednesday, September 14, to close at N306.33 compared to a plunge of 0.86% recorded on Friday, September...
By ODUNEWU SEGUN THE ban on nine banks from operating in the forex market and the insistence by the Central Bank of Nigeria that they remit...
The Lagos Chamber of Commerce and Industry has faulted the allocation of 60 per cent foreign exchange to the manufacturing sector, describing it as one of...
