Currencies
Nigeria's daily parallel market exchange rate tracker
Can This CBN Governor Be Trusted to Save The Naira?
The Central Bank of Nigeria issued a stunning circular on Wednesday indicating that it had closed down the Retail Dutch...
Read moreSegun Agbaje Confirms “Devaluation Has Happened”
The Nigeria's central bank has scrapped rDAS market which it conducted bi-weekly following a circular issued. But the bigger news...
Read moreCBN Blows $380m in Two Days Defending The Naira
The Central Bank has spent $380 million in two days defending the naira, after it conducting special forex interventions to...
Read moreDevaluation? CBN Sold Dollars To Dealers @ N198 Today
Reports suggest the central bank sold dollars on Monday to dealers at a whopping rate of N198 to the dollar. This...
Read moreCapital Controls? CBN Stops Bank from Selling Dollars (Bought from CBN) To Anyone Except CBN
Nigeria banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move...
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This Chart Reveals Why Naira Devaluation Is ‘Inevitable’
This CHART OF THE DAY from Bloomberg shows that the rate at which the naira trades in the interbank market...
Read moreP-A-N-I-C: Nigeria Stocks Fell The Most In The World Today
Nigerian stocks lost a whopping 2.7% today as the index closed at 27,935.77 for the first time since December 2012....
Read moreB-O-O-M: CBN Blows $1b in 12 Days Defending the Naira, Emefiele Says ‘Don’t Panic’
The Central Bank has spent an estimated $1billion in the last 12 days in its bid to defend the Naira. A...
Read moreWhy Nigeria’s FX Market Shut Down Today (11/2/2015)
Nigerian dealers pulled the plug on electronic trading in the naira currency on Wednesday after it slid past the key...
Read moreC-R-I-S-I-S: Overnight Lending Rate Spikes to 100%, Dollar Hits N200.02 at The Interbank
Nigerian overnight interbank rate spiked to a record high of 100 percent on Tuesday, up from 60 percent on Monday,...
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