CATEGORY: NAIRA EXCHANGE RATE

NIGERIA: Daily Parallel Market Exchange Rate (Jan 18, 2017)

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


Naira Set To Depreciate Further As Nigerians In Diaspora Disappoint This Holiday

Nairametrics| Traders believe the Naira will depreciate further at the end of the year as forex from Nigerians living...


Message To CBN: ‘Blockchain Is Taking Over, Swim or Sink’

Note: This article was culled from Coin Telegraph Concerned about the rapid encroachment of Blockchain into the country, Nigeria’s...



What African Startups Can Learn From African Currencies Floating Against The Dollar

This year will perhaps go down in history as one of the worst for emerging markets and one that...


Why The CBN Cut Dollar Sales to BDC’s In Lagos and Abuja

Reports emerged on Monday that the Central Bank has reduced the value of dollar sales to BDC operators from...


Emefiele Chides His Critics With Two Very Bizarre “Jokes”

The Central Bank Governor, Godwin Emefiele is well known around the business circles for his controversial policies especially as...


New law: Almighty CBN Seeks Sweeping Powers To Seize Foreign Currency, Restrict Repatriation etc.

The Central Bank of Nigeria is proposing a string of new amendments to the Foreign Exchange, Monitoring and Miscellaneous...


BOOM: FMDQ Suspends Spot FX Closing Rate, Confirming Flexible Exchange Rate Is Broken

The FMDQ OTC, the official market for bonds, treasury bills and forex trading has approved the suspension of the...


Scarcity Of Dollars Hits Parallel Market As CBN Unleashes SSS On BDCs

In another twist in the drama called Nigerian flexible exchange rate market, parallel market operators offered to buy dollars...


Naira Settled Currency Futures Records Highest Daily Trading Volume in October

The daily trading volume of Nigeria Settled FX currency futures   has plunged over the past weeks as the original...


Nigeria Daily FX Futures Market Tracker (Updated October 24, 2016)

A daily update of activities in Nigeria's foreign exchange futures...








Nigeria: Daily Official Exchange Rate Tracker (Updated 16/9/2016)

Official exchange rate of the Naira and three major world currencies....


CBN Issues New Forex Policy On Portfolio Investment For Resident/Non-Resident Nigerians

Another new CBN Policy...this time it is aimed at local foreign portfolio...


Onyema: Why CBN’s Floating of The Naira Has Failed To Attract Foreign Investors

Since the CBN decided to float the Naira, the expected boom in investment has not occurred due to the...