The Central Bank of Nigeria is determined to sanction banks who violates the new forex rules of selling dollar at N360 for invisibles by releasing emergency...
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...
Nigeria’s over subscribed Eurobond during the week showed that investors will flock to the country’s dollar assets. But when it comes to naira ones, they’re staying well away....
After weeks of Central Bank of Nigeria’s intervention in the foreign exchange market, the naira moved in a reverse direction and dropped, albeit by a small...
By Odunewu Segun The Central bank of Nigeria (CBN) has ordered all deposit money banks to immediately commence the sale of foreign exchange to their customers...
Financial sector operators have predicted that the interbank foreign exchange rate and the parallel market exchange rate will converge at N375 per dollar, implying further appreciation...
The surplus supply of dollars has again jolted speculators and caused a further increase in value of the Naira as forex market closed on Friday without...
The naira on Thursday sustained its steady rise against all major currencies in the market, trading at N390 to a dollar as against the N400 it...
The Nigerian Naira on Tuesday, March 21, continued to recoup gain against the American Dollar at the parallel or black segment of the Nigerian foreign exchange market....
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...
