TAG: BLACK MARKET

NIGERIA: Daily Parallel Market Exchange Rate (June 22, 2017)

Parallel market exchange rate between the Naira and three of the world's major...






FX Window for Investors: Traders confirm it’s working but share two main concerns

Nairametrics| In a bid to placate and lure foreign investors, the CBN introduced a window for investors and exporters...



The Nigerian Economy Today 1/5/2017

Summary of the top business, economic and political news in Nigeria   NAIRAMETRICS BUSINESS & ECONOMY Currency Speculators Powering...



CBN’s New FX Window For Investors and Exporters Explained

Nairametrics| The Central Bank of Nigeria on Friday opened a new special forex window dedicated to investors, exporters and...


The Nigerian Economy Today 20/4/2017

Summary of the top business, economic and political news in Nigeria   NAIRAMETRICS BUSINESS & ECONOMY The CBN Believes...


The CBN Believes This Is Why Naira Is Gaining On Black Market

Nairametrics| Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, disclosed that the CBN injected $100 million into the...


Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Nairametrics| In 2015, Central Bank Governor, Godwin Emefiele had an interview with the Financial Times. This was at the height...


An Ugly Data Showed Up In March Inflation Report

Nairametrics| The National Bureau of Statistics released its 2017 March Consumer Price Index showing inflation rate rose 17.26%. This...


The Nigerian Economy Today 12/04/2017

Summary of the top business, economy and political news in Nigeria   NAIRAMETRICS BUSINESS & ECONOMY FG raises tariff...



Currency Sellers List Theories That Explain Why The Black Market Is Running Wild

Nairametrics| The Central Bank of Nigeria is currently in a state of flux. Despite billions sold defending the Naira,...


Will CBN’s Latest Move Against The Black Market Work?

Nairametrics| The Central Bank of Nigeria issued a press release on Monday confirming that on Friday 7th April 2017 it...


Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar to customers at no more...


Timeline: Forex Decisions Taken By The CBN Since February 2017 (Updated April 10 2017)

Nairametrics| The reign of Godwin Emefiele as CBN Governor will perhaps go down in history as one of the...


The Nigerian Economy Today 07/04/2017

Summary of the top business, economy and political news in Nigeria.   NAIRAMETRICS BUSINESS & ECONOMY Nigeria needs $139...


Short-Selling The Dollar Is Turning Into An Attractive Proposition

Nairametrics| Imagine that I borrowed $1000 from you when the exchange rate was $1/N520 with a promise to pay...


The Nigerian Economy Today – 03/04/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS & ECONOMY Latest Tanker Drivers’...


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...


“Concoctions” No CBN Director Has Been Arrested

A simple statement would have cleared the...


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...


Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Welcome to Nairametrics Economic and Business Review, our weekly summary of some of the most important Nigerian economic and...


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...


BDC’s State Their Concern For Stronger Naira

One man's meat is another man's ...