By Odunewu Segun Analysts have predicted a likely rise in the value of the Naira against the dollar on increase dollar sales to Bureau De Change...
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 With over $768 million injected into the forex market last week, the black market rate remained at N406/$1 suggesting that the effect of...
By Odunewu Segun Despite the Central Bank of Nigeria’s effort to inject liquidity into the official market to support the naira, the local currency has weakened...
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,...
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...
