CATEGORY: NAIRA EXCHANGE RATE

How British Visa Fees Will Be Paid In Naira

The British High Commission (BHC) in Nigeria has explained that while its visa fees are denominated in dollars, the...


10 Things Every Investor Needs To Know About Forte Oil “Capital Reorganisation” Plans

Forte Oil  Currently Post Set Off  N’m  N’m Share Capital  539  539 Share Premium  62,292  7,105 Forex Reserve -62...


$400million Pumped Yesterday Alone Yet Dollar Still Trading At N166

The Central Bank of Nigeria (CBN) yesterday increased its supply of the dollar at the Retail Dutch Auction System...



How To Estimate Your Personal Net Worth

Some weeks back, Forbes released its list of top billionaires around the world including Africa. Our own Alhaji Aliko...


3rd Quarter Results: Analyst Predict Doom For Nigeria Banks

Q3 results are expected to start trickling in this week and will continue till the end of the month....


Difference Between WDAS & RDAS

The Central Bank recently introduced sweeping Foreign Exchange guidelines that is expected to eliminate or drastically reduce money laundering...


Official: Nigeria Is Highest Importer of Dollars In The World

The current CBN Governor is usually not one to hold his peace when it comes to matters involving monetary...


Are Bureaux D Change To Blame For Weak Naira?

At the recently concluded MPC meeting yesterday where the CBN voted to hold MPR at 12% for the 12straight...


Don’t Panic: CBN Promises To Defend Naira

  CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue...


Launched: FXTM Introduces Over The Weekend Forex Trading Account

  The ForexTime Limited (FXTM) has introduced an “Over-the-Weekend (OTW) trading account, where traders can enjoy swap-free trading from...


Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria’s 10-year bonds have increased by about three per cent in the past two weeks as investors...


Naira Falling Quickly Against The Dollar. Now At 10 Months Low

  Nigeria’s naira currency fell to its weakest level in almost 10 months on the interbank market on Friday,...


Is It Time To Dump Or Buy The Pounds Sterling??

On a recent impromptu trip to the US, I borrowed about about £680 from a friend promising to repay...


Baggage Of Problems You Must Be Aware Of If You Want To Start Your Own Business

Everybody one day wants to own a business of some sort and become your own boss. It is human...


IS THE NEW N5K NOTE A PRELUDE TO $1=N200? FOR NOW ITS A RUMOR BUT…..?

On a faithful day on the 3rd of December 2008 Nigerians woke up to a 6.58% depreciation of the...


THE NEW N5,000 NOTE, A “CURE” FOR A DYING NAIRA…?

Yesterday, the CBN announced yet another plan to coin lower denominations, introduce higher denominations and enhance the quality and appearance...


How Unilag can loose billions of Naira due to name change

      “If this business were split up, I would give you the land and bricks and mortar,...


How to avoid paying taxes in Nigeria

Tax like they say is the only constant thing in life along with rain. Tax is a statutory obligation...


Nigerian Businesses face huge exposure to exchange rate risk as the CBN plan to devalue the Naira

The Central Bank Governor on Monday announced that the CBN it was looking to devalue the rate of the Naira against...


Is the Value of the Naira really N170 to $1?

A recent publication of the Lagos Business School on the state of the economy in the first 100days of...