The Nigerian external reserves has witnessed a massive decline over the last 12 months. Back in April 2013 it...
Read moreDetailsIn its bid to safeguard the value of the naira, the Central Bank of Nigeria sold a total of $4.04bn...
Read moreDetailsThe naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold dollars...
Read moreDetailsAnalysts and stakeholders have continued to express fear over the possible devaluation of the naira in coming months. The acting...
Read moreDetailsThe low supply of new naira notes at various commercial banks has propelled the House of Representatives to direct the...
Read moreDetailsThe headline Consumer Price Index will decline marginally to 7.95 per cent for February, down from 8.0 per cent in...
Read moreDetailsThe Nigerian Interbank Offered Rates (NIBOR) increased significantly to an average of 18.5 per cent on Friday, as against the...
Read moreDetailsTHE Central Bank of Nigeria (CBN) may adopt a mixed bag of depreciation of the naira and further tightening of...
Read moreDetailsThe Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based...
Read moreDetailsA report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for the...
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