Banks deposit drop by N1trn The interbank money market suffered bouts of intense scarcity of funds which sent up cost of funds to the roof following...
By Odunewu Segun Following the continued flooding of the FX market with dollar by the Central Bank of Nigeria in the last three weeks, the naira...
The Nigerian Naira on Wednesday, March 15, remained firm against the American Dollar at the black or parallel segment of the Nigerian foreign exchange market, it...
By Chioma Obinagwam There is need for Nigeria to reconstitute its Economic Management Team to include all stakeholders from all spheres of the country, such as...
The Central Bank of Nigeria (CBN) has asked banks to submit bids for a “special currency auction” to clear the backlog of matured outstanding dollar obligations...
By Odunewu Segun A research analysts at FXTM, Lukman Otunuga, has said certain external and internal factors may pushed the naira beyond the N500 mark to...
By Odunewu Segun The naira, which closed at N436 to a dollar on Thursday, eased to N435 in the early hours of Friday, again hit the...
By Odunewu Segun The eight remaining banks suspended by the Central Bank of Nigeria from the interbank currency market over their failure to remit about $2.1...
The Central Bank of Nigeria has described as baseless and falsehood the allegation by the Peoples Democratic Party that the first lady, Aisha Buhari through...
