A dollar was sold for N460 at the parallel market on Tuesday, which is over 15% spread when compared to the interbank rate of N387 to...
Players in the retail segment of the Nigerian interbank foreign exchange (forex) market received a $306.3 million boost from the Central Bank of Nigeria (CBN)...
Nigeria’s interbank overnight lending rate fell sharply on Friday to an average of 12 percent from around 60 percent a week ago after the Central...
Foreign investors are pushing for the adoption of the interbank rate as the only official exchange rate, National Daily has gathered. The new demand by investors...
Nigeria’s stock index rose to its highest level in 10 months on Friday, lifted by gains in the banking sector as overnight lending rates eased after...
Nigerian interbank lending rates rose sharply by around 100 percentage points on Thursday, as commercial lenders scrambled for cash to pay for bond purchases and cover...
By Odunewu Segun The Central Bank of Nigeria may be on the verge of fully floating the naira going by the latest forex policy, National...
With market liquidity opening at N167.26 billion last Friday, Nigeria’s interbank overnight lending rate jumped sharply to an average of 15 per cent from five per...
…implication for Nigerian banks By ODUNEWU SEGUN WITH the decision of the Central Bank of Nigeria to abandon the currency peg and chose officially float the...
By Odunewu Segun Commercial banks in the country have asked prospective customers of forex to submit bids ahead of the start of new interbank foreign exchange...
