Currencies
Nigeria's daily parallel market exchange rate tracker
CBN’s Order To Banks To Sell 60% of Forex To Manufacturers Could Backfire…
The Central Bank of Nigeria has instructed commercial banks to sell about 60% of their forex to the Manufacturing sector....
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Why CBN Banned These 9 Banks From The Forex Market
Another flip flop in the making?
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Why Dollar Remains Scarce At The Bureaux De Change Market
A few weeks ago The Central Bank of Nigeria issued a circular instructing commercial banks in Nigeria to start selling...
Read moreDetailsAlert: CBN increases forex allocation to BDCs to $50k/week
Reports reaching Nigeria reveals that the Central Bank of Nigeria (CBN) has increased the limit that banks can sell to...
Read moreDetailsExchange rate hits N400/$1 at the parallel market as summer holiday hikes demand
Nigeria's exchange rate dropped to a new low of N400 to the $1 at the parallel market on Thursday. This...
Read moreDetailsCBN to lose N7.6 billion in tax payers money for selling dollars to Hajj pilgrims @N197
The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the...
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Controversies trail CBN’s decision to clamp down on foreign money transfers
The Central Bank of Nigeria has revoked the licenses of all money transfer companies, except three, citing "the greater economic...
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This chart chronicles the policy failures that led to the sinking of the Naira
The year 2016 will also go down as the year where the naira was raped nonstop and left for dead...
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Oando takes a N28 billion hit in exchange rate loss
Losses continue to mount
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Here is why Dangote Cement was downgraded to a “sell”
Dangote Cement Plc. (Dangcem) released its unaudited Q2 16 result wherein pre-tax earnings rose 20% YoY to N70 billion well ahead of our...
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