TAG: BLACK MARKET


NIGERIA: Daily Parallel Market Exchange Rate (April 28, 2017)

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


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...


Why Black Market Is Not Going Away Even If We Float

Nairametrics| As at Friday, the 17th of March 2017, the exchange rate at the black market was about N455/$1 compared to...


On Record: Kemi Adeosun Says “Black Market Will Collapse Soon” 

The Minister of Finance,  Kemi Adeosun has said that the black market, where most Nigerians buy and sell forex,...


Adeosun Says CBN Will “Eliminate” Black Market “Soon”

Reuters is reporting that the CBN has said that it will eliminate the black market. As usual, they did...


Important Regulatory Requirements For Your Business

  Businesses operating in Nigeria are increasingly being regulated as the Government strives to promote good corporate governance and...


Naira Gains On Black Market As Banks Reject Dollar Deposits

The naira gained on the parallel market on Monday, after Nigeria’s commercial banks stopped accepting cash deposits in dollars,...


Conspiracy Theory of What Could ‘Happen’ to Naira/Dollar In The Next few Weeks

Just two weeks ago it looked as if the Naira was heading to N250 as calls for another round...


CBN Says Ghanaian Businessmen, Others Are Invading Our Forex Market

Ghanaian businessmen and other African countries are invading the Nigerian foreign exchange market. This information was disclosed by the...


Why Presco is Ecstatic About CBN Forex Policies

Presco Plc has commended the Central Bank of Nigeria (CBN’s) policy to ban foreign exchange sales to certain segments...


Rice Imports Has Dropped By 53% As Prices Rise

Following the Central Bank of Nigeria’s decision to place rice among 41 items not valid for foreign exchange. The...


Forex Demand May Drop As Refineries Get Set to Resume Operations

The pressure on the Central Bank of Nigeria (CBN) to devalue the naira due to dwindling foreign exchange reserves,...


Nigeria Spent $7.4 billion Importing Toothpicks, Milk, Fish Furniture etc.

Nigeria spent a total of N1.18 trillion (about $7.4 billion) on the importation of toothpicks, fish, milk, textiles, rice...


Naira Remains Under Pressure As MPC Meets Thursday

Economic and currency analysts expect the naira to remain under pressure at the parallel market this week even as...


Why You Should Stay Out of The Stock Market

The Nigerian stock market has been on a free fall over the last few weeks with the index posting...


[Spying YOU] CBN Instructs BDC’s To Report Your Forex Deals Using BVN

The Central Bank released a circular Thursday instructing Bureau De Change (BDC’s) that from August 1 2015, all transactions...


[Bu-Horror] Tips to Insulate yourself from this Failing Economy

Nigerian stocks hit a three month low on Monday as stocks recorded its 9th consecutive day of losses. The...


[BU-HORROR] Bad Economy, Dollar now N242, Equities in red…here is why you should be scared

Nigerian stocks hit a three month low on Monday as stocks recorded its 9th consecutive day of losses. The...


[ANALYSIS] Why the Naira should NOT be Devalued

Wherever the rhetoric of the Naira devaluation started from, I have no idea. But it seems it has become...


[NIGERIAN STOCKS ARE BLEEDING] These are Who to Blame

The Nigerian Stock Market has recorded a streak of 7 straight day of losses, the longest losing streak since...