CATEGORY: NAIRA EXCHANGE RATE


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...



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...


N-O-T G-O-O-D: Naira may weaken to N170 (Official Rate)– Merrill Lynch

A report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for...


Naira Stabilizes After “Sanusi Shock”; Now N165.7 @ Interbank & N171 @ Blackmarket (24/2/14)

The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the...


More Gloom & Doom? Analyst Predict Further Sell-Offs In Equities & Naira Depreciation

Punch||Economists  and analysts have said Nigeria’s financial markets may continue to react negatively, at least in the short term,...


Sanusi’s Removal Increased Forex Demand To $1billion in One Day

Thisday||The naira depreciated against the United States dollar last week as the suspension of Mallam Sanusi Lamido Sanusi as...


A:L:E:R:T==>Economists Predict ‘Naira devaluation coming in 2015’

The Nation||The continuous decline in foreign reserves and increased spending expected during 2015 elections are likely to force the...


Naira Is Now At Its Lowest Since 2011. N164.5 At The Interbank

The naira weakened for a second day to its lowest since 2011 as investor inflows were said to have...


NSE Finally Released Its FPI Data For 2013 and Its Not So Comforting

The NSE  released its data on Foreign Portfolio Inflows (FPI) in Nigeria for they year ended December 2013. It showed...