The Central Bank of Nigeria (CBN) says its decision to restrict forex for the importation of milk has no political undertone. In a statement released in...
Over the past seven months, the Central Bank of Nigeria had intervened in the FX market to the tune of $8,908,860,000 to help stabilize the...
By Odunewu Segun The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The local...
By Odunewu Segun Financial experts have predicted further rise in the value of the naira against the dollar this week as the inter-bank forex market resumes...
A financial expert, Uche Uwaleke, says the new foreign exchange window created for investors will encourage return of portfolio investors to the capital market. Uwaleke, the...
The United Bank for Africa (UBA) says that its profit increased by 41% year-on-year profit before tax in the first quarter of 2017. A statement by...
By Odunewu Segun Financial analysts have expressed their reservations over naira’s artificial value boosted by Central Bank of Nigeria’s forex interventions, arguing that foreign investments would...
The foreign exchange challenges facing Nigeria has greatly affects terminal operators since a large part of their capex (capital expenditure) and operational costs are in US...
By Chioma Obinagwam In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has disclosed that the...
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...
