With Nigeria’s economy gradually taking a downward hill following the devaluation of its local currency, South Africa has overtaken Nigeria as Africa’s biggest economy in dollar...
By Odunewu Segun The naira picked N5 against the dollar at the weekend, selling for N395 to the US dollar at the parallel market as against...
The naira fell to 378 against the dollar at the parallel market on Monday, down from 375 on Friday as scarcity of the greenback continued...
The naira has again dipped to 351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on...
By Odunewu Segun The naira has further firmed to the dollar, trading for N281.72 in the early hours of today as against N284 .83 it recorded...
By Odunewu Segun Following the removal of pegged rate by the Central Bank of Nigeria, naira has gained more points against the dollar at the new...
By Odunewu Segun The naira has slumped 30 per cent against the dollar on Monday after the Central Bank of Nigeria officially removed its currency peg...
…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...
Ahead of Monday’s launch of a foreign exchange interbank trading window in Nigeria, the local currency gained against the dollar as dealers anticipate supply glut in...
The new guidelines released by the Central Bank of Nigeria on Wednesday to ease forex pressure in the country may help assuaged the petroleum crisis...
