Currencies
Nigeria's daily parallel market exchange rate tracker
BACK ON TRACK? Naira Rises To Six-Week High
The naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold dollars...
Read moreDetailsAGAIN Currency Experts Fear Naira Devaluation Is Coming Soon
Analysts and stakeholders have continued to express fear over the possible devaluation of the naira in coming months. The acting...
Read moreDetailsHouse Orders Police, SSS to Arrest Peddlers of New Naira Notes
The low supply of new naira notes at various commercial banks has propelled the House of Representatives to direct the...
Read moreDetailsIT’s D-DAY: Will The MPC Devalue The Naira When It Meets Today?
The headline Consumer Price Index will decline marginally to 7.95 per cent for February, down from 8.0 per cent in...
Read moreDetailsInterbank Rates Rose To 18.5% on Friday 18th March
The Nigerian Interbank Offered Rates (NIBOR) increased significantly to an average of 18.5 per cent on Friday, as against the...
Read moreDetailsRewane’s PREDICTIONS are Chilling: CBN May Depreciate Naira Next Week and Increase CRR
THE Central Bank of Nigeria (CBN) may adopt a mixed bag of depreciation of the naira and further tightening of...
Read moreDetailsTime To Hedge? :Financial Derivatives Predict Naira Devaluation By June 2014 or After Elections
The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based...
Read moreDetailsN-O-T G-O-O-D: Naira may weaken to N170 (Official Rate)– Merrill Lynch
A report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for the...
Read moreDetailsNaira Stabilizes After “Sanusi Shock”; Now N165.7 @ Interbank & N171 @ Blackmarket (24/2/14)
The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the forex...
Read moreDetailsMore Gloom & Doom? Analyst Predict Further Sell-Offs In Equities & Naira Depreciation
Punch||Economists and analysts have said Nigeria’s financial markets may continue to react negatively, at least in the short term, to...
Read moreDetails
