CATEGORY: NAIRA EXCHANGE RATE

What We Experienced Trying To Buy Forex From Some Banks

What We Experienced Trying To Buy Forex From Some Banks

Nairametrics| The new CBN’s forex policy has been in operation for a little over...


CBN Instructs Banks To Open Dedicated Teller Points For PTA, School fees etc.

CBN Instructs Banks To Open Dedicated Teller Points For PTA, School fees etc.

Nairametrics| The Central Bank of Nigeria has issued a new circular to banks instructing...


January FX Utilization By Banks Shows $811m Allocated To PTA

January FX Utilization By Banks Shows $811m Allocated To PTA

Nairametrics| The Central Bank of Nigeria on the 1st of March published the list...


Bloomberg to Investors: “Don’t Be Fooled By The Biggest Black-Market Gain In a Year”

Bloomberg to Investors: “Don’t Be Fooled By The Biggest Black-Market Gain In a Year”

Who blinks...


This Was The CBN Warning To Forex Speculators, Heard On Radio On Monday

This Was The CBN Warning To Forex Speculators, Heard On Radio On Monday

Is the CBN getting scared or just very...


This Is BDC’s First reaction To The “Dollar Crash”…It’s Good and Bad

This Is BDC’s First reaction To The “Dollar Crash”…It’s Good and Bad

He who laughs last, laughs...



This Investment Firm Believes The Dollar Is Worth N370

This Investment Firm Believes The Dollar Is Worth N370

Will they get their...


New Forex Policy: How CBN Sold Over $600 Million In One Week

New Forex Policy: How CBN Sold Over $600 Million In One Week

Can they continue to keep...


Interbank Lending Rates Hits 200% As Banks Borrow From Each Other To Buy Forex

Interbank Lending Rates Hits 200% As Banks Borrow From Each Other To Buy Forex

Nairametrics| Nigerian Banks are on a buying spree and they are borrowing at record...


Black Market Exchange Rate Drops Below N500; First Time In 3 Weeks

Black Market Exchange Rate Drops Below N500; First Time In 3 Weeks

Nigeria’s parallel market exchange rate dropped below N500 for the first time since February...


Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Rating agency Fitch, has dropped its first analysis on the latest CBN Forex Policy....


Analysis: Speculators Are Offloading Dollars, What is The End Game?

Analysis: Speculators Are Offloading Dollars, What is The End Game?

Nairametrics| Yesterday, Reuters reported that Central Bank of Nigeria sold about $6.5 million of...


Chart Shows How Nigeria Lost Over $80 billion In Forex Inflows In 3 Years

Chart Shows How Nigeria Lost Over $80 billion In Forex Inflows In 3 Years

Nairametrics| The Central Bank of Nigeria on Tuesday, issued a rash of new forex...


CBN sells $6m to banks @N304.75

The Central Bank of Nigeria sold about $6 million to commercial banks on Tuesday,...


What You Need To Access Forex For PTA, School & Medical Fees

What You Need To Access Forex For PTA, School & Medical Fees

Nairametrics| The Central Bank of Nigeria has issued new guidelines for the documentation required...


The Biggest Winners And Losers From CBN’s New Forex Policy

The Biggest Winners And Losers From CBN’s New Forex Policy

A policy walking on thin...


Clues That The CBN Is Warming Up For A Full Float Of The Naira

Clues That The CBN Is Warming Up For A Full Float Of The Naira

Reports reaching Nairametrics suggest that the latest forex policy announced by the CBN may...


Why The Latest Exchange Rate Policy Is Another Devaluation Of The Naira

The Central Bank of Nigeria announced a new FX policy on Monday, 20th of...


What You Need To Know About The New CBN Forex Policy

What You Need To Know About The New CBN Forex Policy

Nairametrics| On Monday, 20th of February 2016, the Central Bank of Nigeria issued a new...


CBN Introduces New Foreign Exchange Policy.

CBN Introduces New Foreign Exchange Policy.

In what appears to be a step towards a flexible exchange rate, the Central...


Here Is One CBN Decision That Is Killing The Naira…Daily!

Nairametrics| The exchange rate between the naira and the dollar hit an all time...


CBN “To Release” $1m For School Fees, Medical Fees, BTA @N375/$1

CBN “To Release” $1m For School Fees, Medical Fees, BTA @N375/$1

A step back or another...


FEC Calls For “Urgent” Review Of Nigeria’s Forex Policy 

The Central Bank Governor is under pressure not just from you and I but...


Now That Dollar Is Above N500/$1, Here Are 5 Things You Can Still Do by @Ugodre

Now That Dollar Is Above N500/$1, Here Are 5 Things You Can Still Do by @Ugodre

There comes a time when you just have to do what is required for...


Dem Say We Do Eurobond; Guy, wetin be Eurobond? by @DoubleEph

Dem Say We Do Eurobond; Guy, wetin be Eurobond? by @DoubleEph

A layman's explanation of what Nigeria's successful Eurobond Means to you and...


Investors Say CBN Has Grown Tired Of Defending Its Forex Policies

NOt a good sign for the...


CBN Attacks “Emefiele Must Go” Gang With 16 “Emefiele Must Stay” Tweets

CBN Attacks “Emefiele Must Go” Gang With 16 “Emefiele Must Stay” Tweets

Nairametrics| The Central Bank on Saturday, through its twitter handle, released a series of...


CBN Sells $660 million In Forward Contract; Here Is What It Means

CBN Sells $660 million In Forward Contract; Here Is What It Means

Nairametrics/Reuters| Information from currency traders reveals that the Central Bank of Nigeria sold about...


CBN Just Denied Two Of The Biggest Infractions It Has Been Blamed For

CBN Just Denied Two Of The Biggest Infractions It Has Been Blamed For

The Central Bank of Nigeria has been under frequent criticism from Nigerians unhappy with...


Press Release: CBN Fires Back At Critics ‘Creating Panic In The System’

Press Release: CBN Fires Back At Critics ‘Creating Panic In The System’

The Central Bank of Nigeria (CBN) has issued a press release directed at critics...