CATEGORY: NAIRA EXCHANGE RATE

More Pain? CBN Issues New Prudential Regulations That Limit How Much Forex Banks Can Borrow

The Central Bank is at it again!! They have now released a new prudential regulation that seeks to tighten...


How Weak Naira Versus Dollar Can Affect Your Investments, Savings, Business & Even Jobs

It was the beginning of the year in 2009 and Mr Ogilisi was discussing a deal with his suppliers...


Here Is Why Today Was B-L-O-O-D-Y T-U-E-S-D-A-Y For Nigeria Stocks & Bonds

Stocks Nigerian stocks fell to a four-month closing low of 40,537 points on Tuesday, as a weaker naira hurt...



Exclusive: Nairametrics Stock Picks (Updated 31/8/2014)

This week we make a significant change to the list of our stock picks despite the stocks in our...


Exclusive: Nairametrics Stock Picks – (25/8/2014)

The following companies have been included in our wish list as Stock that we are looking to buy. [upme_private]We...


OFFICIAL: CBN Launches Service That Allows You To Transfer Dollars To Relatives & Dependents Abroad From Your Naira Account

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, as part of the key initiative of the Bank...


Scathing Opinion: The Treasury Bill Scam Continues to Flourish

In the wake of the 2008 banking crises, the Central Bank created over N4000bn fresh Naira supply, inspite of...


A Unit of Shell Just Helped The Naira Hit a 3 Months High Against The Dollar

Nigeria’s naira strengthened against the dollar on the interbank market on Monday, reaching its strongest in almost three months,...


Here Is What Happened To Ugandan Currency After The Court Struck Out Homosexuality Law

The Ugandan shilling gained on Friday against the dollar after the country’s constitutional court struck down an anti-homosexuality law...


Nigerian Foreign Reserves Is Up By 3.8% To $38.5billion

Nigeria’s foreign exchange reserves climbed to $38.49 billion on July 18, a 3.8 percent increase on a month ago,...


Time To Buy At The Interbank? Naira Appreciates to 7 Weeks High Against The Dolllar

Summer is here already and most people are already making plans for their holidays. This makes news about the...


Union Bank Cards Now Accepted on Paypal

Union Bank of Nigeria Plc has announced that its electronic cards – Visa and MasterCard, are now accepted on...


The Dawn Of Informed Investing. Introducing NAIRAMETRICS, the Website For Retail Investors

Welcome to Nairametrics, the website for the Retail Investors seeking financial freedom. A few years ago before I started...


Is Nigerian Treasury Bills Rate Getting Unattractive? Yields Fell Flat After This Week’s 70 bln Naira Sale

Reuters reports Nigeria sold 70.56 billion naira ($434.78 million) at a sale of three-month and six-month treasury bills on...


New Look For Ugometrics Blog (Changing to Nairametrics Soon)

  Ugometrics Blog is spotting a new look and feel starting from this Month. I have listened to some...


Emefiele’s Statement Sends Naira Crashing To Two Months Low

Reuters: Nigeria’s naira weakened to more than two month low of 164.46 to the dollar on Friday, down 0.37...


Your Money: Why Naira Expected to Appreciate Against The Dollar Next Week

The naira is expected to extend gains against the U.S dollar next week on support from energy companies’ month-end...


Official: Diamond Bank Issues $200m Eurobond

Diamond Bank Plc has issued its debut $200 million five-year Eurobond. The bank plans to also tap the equities...


A-L-E-R-T: Treasury bill Yields Just Fell To a 14-month low

The Federal Government’s domestic borrowing costs dropped to the lowest level since March 2013 as a strengthening naira eased...


MTN Denies Outgoing CFO, Says They Do Not Have Any Views On Naira Devaluation Nigeria Clarifies Position on Call for Devaluation

What is it with regulators these days? It appears the fear of them is the beginning of wisdom. It...


Dollar Race? MTN Foresees Naira Devaluation in 2015

The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move...


This Chart Shows How Quickly Nigeria’s External Reserve Has Depleted Over The Last 12 Months

  The Nigerian external reserves has witnessed a massive decline over the last 12 months. Back in April 2013...


TO SAVE THE NAIRA: CBN Sold $26.6b Of Our External Reserve Between Jan – Dec 2013

In its bid to safeguard the value of the naira, the Central Bank of Nigeria sold a total of...


BACK ON TRACK? Naira Rises To Six-Week High

The naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold...


AGAIN Currency Experts Fear Naira Devaluation Is Coming Soon

Analysts and stakeholders have continued to express fear over the possible devaluation of the naira in coming months. The...


House Orders Police, SSS to Arrest Peddlers of New Naira Notes

The low supply of new naira notes at various commercial banks has propelled the House of Representatives to direct...


IT’s D-DAY: Will The MPC Devalue The Naira When It Meets Today?

The headline Consumer Price Index will decline marginally to 7.95 per cent for February, down from 8.0 per cent...


Interbank Rates Rose To 18.5% on Friday 18th March

The Nigerian Interbank Offered Rates (NIBOR) increased significantly to an average of 18.5 per cent on Friday, as against...


Rewane’s PREDICTIONS are Chilling: CBN May Depreciate Naira Next Week and Increase CRR

THE Central Bank of Nigeria (CBN) may adopt a mixed bag of depreciation of the naira and further tightening...


Time To Hedge? :Financial Derivatives Predict Naira Devaluation By June 2014 or After Elections

The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the...