CATEGORY: NAIRA EXCHANGE RATE

NIGERIA: Daily Parallel Market Exchange Rate (June 24, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


Currency futures Trading volume wanes as rates converge

The volume of trade in the Nigerian currency futures market has dropped dramatically since the CBN came up with...




Fitch gives Emfiele’s signature FX Policy pass mark

After so much criticism for its forex policies from international analysts, the Central Bank of Nigeria has finally received...





Data: Amount of dollars inflows and outflows into Nigeria

The chart below highlights the amount of foreign exchange inflow and outflows in Nigeria from the year...


Forex forwards sold by the CBN since July 2016

Nairametrics| The Central Bank of Nigeria has so far sold a total of $5,747.76 in Forex forwards since June...




Update: CBN did not reverse ban on 41 items (mix-up explained)

Nairametrics| The Central Bank of Nigeria has issued a press release clarifying interpretations  that it had reversed the ban...


Why recent oil price slide could affect outlook for exchange rate

Oil prices have extended losses this week with the Brent crude sliding by 2.4% to about $47 this week....



What Emefiele told Buhari at the meeting on Thursday 

Nigeria’s CBN Governor, Godwin Emefiele has been upbeat lately as he basks in the euphoria of a forex policy...






How CBN’s New Window Fared On Its Debut?

Nairametrics| After its announcement last week Friday of a new window dedicated to for trading dollars with investors and...




CBN’s New FX Window For Investors and Exporters Explained

Nairametrics| The Central Bank of Nigeria on Friday opened a new special forex window dedicated to investors, exporters and...


CBN “Frees Naira” As It Creates New Window for Investors & Exporters

Nairametrics| The Central Bank of Nigeria (CBN) has created yet another FX window for investors and exporters. The apex...


Official: CBN Excludes Raw Materials For Plastic And Rubber Production From 41 Ban List

Nairametrics|The Central Bank of Nigeria (CBN) in a circular released today instructed all authorised dealers of forex to add...


The CBN Believes This Is Why Naira Is Gaining On Black Market

Nairametrics| Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, disclosed that the CBN injected $100 million into the...


CBN’s Issues Form Q For SME’s; What You Need To Know

Nairametrics| The Central Bank of Nigeria last week announced that it had created a new window for SME’s to...


Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Nairametrics| In 2015, Central Bank Governor, Godwin Emefiele had an interview with the Financial Times. This was at the height...