CATEGORY: NAIRA EXCHANGE RATE

Alternatives To Floating The Naira

In case you missed the first part of this article. You can get it here Nairametrics| At this juncture,...


A Case For And Against Floating The Naira

Nairametrics| On Friday, the Naira closed at N390/$ down from N520/$ in January. The development follows a change of...


CBN Issues New Circular: “Don’t Panic, We Have Enough FX”

Nairametrics| A friend of Nairametrics once remarked “A Circular a day, keeps speculators away”. It appears the CBN is...



CBN Net FX Inflows Drop For The First Time Since November 2016

Nairametrics| Official records of the CBN indicates that the external reserves as at March 29, 2017 currently stands at...



Understanding CBN’s Battle Against Speculators 

Nairametrics| In the popular book 48 laws of Power, author Robbert Greene writes in the 15th law that you crush...


CBN Fixes N362/$1 Rate For BDCs To Sell

Nairametrics| The Central Bank of Nigeria on Tuesday fixed an exchange rate of N362/$1 for Bureau De Change operators....



What Next After Exchange Rate Drops Below N400 For First Time Since August 2016?

Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for...


A Familiar Pattern Is Rearing Its Head On The Black Market

Nairametrics| The exchange rate closed on Thursday at a price of N400 on the black market. If you wanted to...


CBN Stays Pumping: Naira Now At 6 Months High

“You know what capitalism is? Getting f%&@!&” Scarface Nairametrics| A lot of words have been used to describe the recent...



What We Experienced Trying To Buy Forex From Some Banks

Nairametrics| The new CBN’s forex policy has been in operation for a little over two weeks now. The policy...


CBN Instructs Banks To Open Dedicated Teller Points For PTA, School fees etc.

Nairametrics| The Central Bank of Nigeria has issued a new circular to banks instructing them to open teller points...


January FX Utilization By Banks Shows $811m Allocated To PTA

Nairametrics| The Central Bank of Nigeria on the 1st of March published the list of forex sold by commercial...