Politics
General news on the economy and politics.
Cenbank devalues Naira
The Central Bank of Nigeria has quietly, and without a circular, devalued the Naira. According to the CBN's website, our...
Read moreDetailsExchange rate rout slices $60b off Nigeria’s GDP, threatens “No 1 economy” in Africa status
Latest figures from the National Bureau of Statistics put Nigeria's total real GDP at the end of 2014 at about...
Read moreDetailsHere Is Why This Analyst Thinks Nigerian Naira Bonds ‘Look Cheap’
This year has been all about volatility in both the stock, Foreign Exchange and money market. Nigerian Stocks have been recorded...
Read moreDetailsWhat CBN’s Redefined “Two Way Quotes” Actually Means
Last week, the Central Bank of Nigeria, introduced restrictions within the Nigerian Foreign Exchange (FX) Market; in reaction to the...
Read moreDetailsCan This CBN Governor Be Trusted to Save The Naira?
The Central Bank of Nigeria issued a stunning circular on Wednesday indicating that it had closed down the Retail Dutch...
Read moreDetailsSegun Agbaje Confirms “Devaluation Has Happened”
The Nigeria's central bank has scrapped rDAS market which it conducted bi-weekly following a circular issued. But the bigger news...
Read moreDetailsCBN Closes rDAS/wDAS
The Central Bank of Nigeria has just issued a circular confirming that it has now closed the Retail and Wholesale...
Read moreDetailsExternal Reserves Drop to $32.66billion, Down 30% From February 2014
Latest data on the central bank website on Tuesday showed that reserves fell to $32,661,641,916 as at Feb. 16, down...
Read moreDetailsCBN Blows $380m in Two Days Defending The Naira
The Central Bank has spent $380 million in two days defending the naira, after it conducting special forex interventions to...
Read moreDetailsDevaluation? CBN Sold Dollars To Dealers @ N198 Today
Reports suggest the central bank sold dollars on Monday to dealers at a whopping rate of N198 to the dollar. This...
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