CATEGORY: NAIRA EXCHANGE RATE





Interbank Lending Rates Hits 200% As Banks Borrow From Each Other To Buy Forex

Nairametrics| Nigerian Banks are on a buying spree and they are borrowing at record rates to do so.  According...


Black Market Exchange Rate Drops Below N500; First Time In 3 Weeks

Nigeria’s parallel market exchange rate dropped below N500 for the first time since February 2, 2017. Data from our parallel...


Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Rating agency Fitch, has dropped its first analysis on the latest CBN Forex Policy. Here it is LONDON, February...


Analysis: Speculators Are Offloading Dollars, What is The End Game?

Nairametrics| Yesterday, Reuters reported that Central Bank of Nigeria sold about $6.5 million of Forex to the interbank market...


Chart Shows How Nigeria Lost Over $80 billion In Forex Inflows In 3 Years

Nairametrics| The Central Bank of Nigeria on Tuesday, issued a rash of new forex polices aimed at reducing dollar...


CBN sells $6m to banks @N304.75

The Central Bank of Nigeria sold about $6 million to commercial banks on Tuesday, according to information from Reuters. ...


What You Need To Access Forex For PTA, School & Medical Fees

Nairametrics| The Central Bank of Nigeria has issued new guidelines for the documentation required to access Forex for Personal...



Clues That The CBN Is Warming Up For A Full Float Of The Naira

Reports reaching Nairametrics suggest that the latest forex policy announced by the CBN may be a major step towards...


Why The Latest Exchange Rate Policy Is Another Devaluation Of The Naira

The Central Bank of Nigeria announced a new FX policy on Monday, 20th of February, 2017 targeting the retail...


What You Need To Know About The New CBN Forex Policy

Nairametrics| On Monday, 20th of February 2016, the Central Bank of Nigeria issued a new forex policy on its website....


CBN Introduces New Foreign Exchange Policy.

In what appears to be a step towards a flexible exchange rate, the Central Bank Of Nigeria (CBN) today...


Here Is One CBN Decision That Is Killing The Naira…Daily!

Nairametrics| The exchange rate between the naira and the dollar hit an all time low last week dropping to...



FEC Calls For “Urgent” Review Of Nigeria’s Forex Policy 

The Central Bank Governor is under pressure not just from you and I but also from some people in...



Dem Say We Do Eurobond; Guy, wetin be Eurobond? by @DoubleEph

A layman's explanation of what Nigeria's successful Eurobond Means to you and...