CATEGORY: NAIRA EXCHANGE RATE

NIGERIA: Daily Parallel Market Exchange Rate (August 21, 2017)

NIGERIA: Daily Parallel Market Exchange Rate (August 21, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


CBN pumps fresh $364million into inter-bank Forex market

CBN pumps fresh $364million into inter-bank Forex market

The Acting Director of Corporate Communications, Central Bank of Nigeria (CBN), Mr Isaac Okorafor...


This is the N7 trillion CBN debt no one seems to be talking about

This is the N7 trillion CBN debt no one seems to be talking about

The Central Bank of Nigeria has been attracting much kudos of late especially for...


BOOM: External reserves hit two year high (highest since July 2015)

BOOM: External reserves hit two year high (highest since July 2015)

Nigeria’s external reserves surged to $31.2 billion, the highest since July 2015, according to...


Finally, Nigeria is on the verge of a unified exchange rate

Finally, Nigeria is on the verge of a unified exchange rate

The FMDQ asked banks to start quoting rates from the Investors’ & Exporters’ FX Window...


Genius or luck? Emefiele’s NAFEX window seems to be working

Genius or luck? Emefiele’s NAFEX window seems to be working

Stroke of genius or just...



Nigerian Banks raise dollar limit on Naira debit cards

Nigerian Banks raise dollar limit on Naira debit cards

Nigerians, who execute frequent dollar transactions, now have cause to smile as commercial banks in...


7 ‘unexpected’ lessons learnt from the CBN FX Windows

7 ‘unexpected’ lessons learnt from the CBN FX Windows

Back in February 2017, the Central Bank of Nigeria opened a window that allowed...


Another anomally as bank rates trade higher than black market

Another anomally as bank rates trade higher than black market

The Central Bank of Nigeria (CBN) may have to tinker with its foreign exchange...


Currency futures Trading volume wanes as rates converge

Currency futures Trading volume wanes as rates converge

The volume of trade in the Nigerian currency futures market has dropped dramatically since...


BDCs want further ‘revaluation’ of the Naira as their profits are now down

BDCs want further ‘revaluation’ of the Naira as their profits are now down

National interest or personal...


Fitch gives Emfiele’s signature FX Policy pass mark

Fitch gives Emfiele’s signature FX Policy pass mark

After so much criticism for its forex policies from international analysts, the Central Bank...


CBN amends investor window rules: The nitty gritty

CBN amends investor window rules: The nitty gritty

More and more...


CBN has sold over $4 billion defending the Naira since February 2017

CBN has sold over $4 billion defending the Naira since February 2017

The Central Bank of Nigeria (CBN) seems determined to continue with its intervention in...


CBN’s list of 36 imported items valid for forex explained

CBN’s list of 36 imported items valid for forex explained

More clarification at...


Data: Amount of dollars inflows and outflows into Nigeria

Data: Amount of dollars inflows and outflows into Nigeria

The chart below highlights the amount of foreign exchange inflow and outflows in Nigeria...


Forex forwards sold by the CBN since July 2016

Forex forwards sold by the CBN since July 2016

Nairametrics| The Central Bank of Nigeria has so far sold a total of $5,747.76...


CBN To Sell Treasury Bills, domestic debt tomorrow

CBN To Sell Treasury Bills, domestic debt tomorrow

More...


Is the new investor window already in chaos?

Is the new investor window already in chaos?

It's not even up to a month...


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

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...


Why recent oil price slide could affect outlook for exchange rate

Why recent oil price slide could affect outlook for exchange rate

Oil prices have extended losses this week with the Brent crude sliding by 2.4%...


Why consumer goods are still under-performing despite lower exchange rates

Why consumer goods are still under-performing despite lower exchange rates

More patience,...


What Emefiele told Buhari at the meeting on Thursday 

What Emefiele told Buhari at the meeting on Thursday 

Nigeria’s CBN Governor, Godwin Emefiele has been upbeat lately as he basks in the...


CBN Readmits These 3 Previously ‘Banned’ Banks Into The Forex Market

CBN Readmits These 3 Previously ‘Banned’ Banks Into The Forex Market

Welcome...


List Of Banks Banned From Participating In The SME Forex Window

List Of Banks Banned From Participating In The SME Forex Window

Good...


CBN Explains Why Multiple Exchange Rates Are Necessary

CBN Explains Why Multiple Exchange Rates Are Necessary

A plausible...


CBN Sells $185.8 million To Retail Market, Settles Futures Contract

CBN Sells $185.8 million To Retail Market, Settles Futures Contract

More dollars...


How CBN’s New Window Fared On Its Debut?

How CBN’s New Window Fared On Its Debut?

Nairametrics| After its announcement last week Friday of a new window dedicated to for...


Emefiele – “We Have Firepower and Ammunition To Defend The Naira”

Emefiele – “We Have Firepower and Ammunition To Defend The Naira”

A new term in economics has been...


Analysts Explain Why The FX Window For Investors Will Fail

Analysts Explain Why The FX Window For Investors Will Fail

Who will be proved...