TAG: FLEXIBLE EXCHANGE RATE



Update: CBN did not reverse ban on 41 items (mix-up explained)

Nairametrics| The Central Bank of Nigeria has issued a press release clarifying interpretations  that it had reversed the ban...



The Nigerian Economy Today 4/5/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS & ECONOMY Nigeria’s total debt...


Official: CBN Excludes Raw Materials For Plastic And Rubber Production From 41 Ban List

Nairametrics|The Central Bank of Nigeria (CBN) in a circular released today instructed all authorised dealers of forex to add...


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...


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...


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...


Analysis: Stimulating Nigeria’s Economy Through Real Estate

With two months into 2017 and economic indices yet to take the desired turn, the reality of another year...


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....



The Week Ahead: As Things Get Tighter, We Need To Be More Creative

The pot is shrinking big time The three tiers of government received a total of ₦4.95 trillion instead of...


CBN To Increase List Of Banned Items

Nairametrics|Despite criticism from various quarters, the Central Bank of Nigeria will continue with its present foreign exchange policy. The...


Tuesday Madness: Exchange Rate Experiences Volatility At The Interbank

The Nigerian Interbank Market did the unthinkable today! The exchange rate opened at N305, depreciated to as low as...


FX Policy Under Threat As Banks Shun Interbank Market

Sources Reveal Some Banks Are Now Openly Buying & Selling FX Above Interbank Rates This was after banks learnt...




3 Theories Explain Why The Parallel Market Is Still Very Relevant

On Wednesday, we spoke to our Aboki, Buzu to get an understanding of what the street thinks about the...


Beware of These 4 ‘Demons’ Of The New Flexible Exchange Rate Policy

If you’re not a Nigerian, please stop reading and close this page. Thank you. Ehen, now it’s just us...


Flexible Exchange Rate: In Thailand, We Have A Clue Of What Could Happen To Our Economy

Foreign investors attracted to the stable baht, high interest rates (vs rates in Eurodollar market) and high growth rate...


Flexible Exchange Rate: Why The CBN Mopped Up N206 billion Cash From The Economy

Banking system credit opened at 1.06 trillion naira ($5.3 bln) on...


The New Flexible Exchange Rate Policy Details Explained

Today, the CBN jumped the shark and went for a float. This article explains what this all...


Naira May Sell At ‘N300/$1’ When The CBN ‘Devalues’ This Week

Indications are beginning to emerge that the CBN may well introduce the a dual exchange rate system where the...


The Economist Magazine Rips Into Buhari In Yet Another Blistering Article

A few days ago we put up a blistering article from Bloomberg which suggest that they want Nigeria’s GDP...


The Emperor has a stern message for those who criticized the ‘import ban’

The CBN on Tuesday issued a new circular listing about 41 items that have now being banned from the FX...


CBN Releases 41 List of Imported Items Not Valid For Foreign Exchange In Nigeria

The Central Bank has issued a new circular informing banning a list of 41 imported goods and services from...