Nairametrics Research Team learnt that despite the ban on the importation of foreign-made rice, some Nigerian traders are still importing foreign rice into the country.
The Central Bank of Nigeria and the bankers' committee have agreed to back a N3.5 trillion stimulus package for the Nigerian economy.
Governor, Godwin Emefiele clarifies the supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation of the currency.
The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1.
The Central Bank of Nigeria (CBN) has reportedly devalued the Naira. Nairametrics found from a reliable source that the CBN moved the rate of foreign exchange to Foreign Portfolio Investors (FPIs) from N366.70 to N380.20/USD.
The latest data from the Central Bank of Nigeria revealed that the Nigeria’s 364-day treasury bills have fallen to 4.6%
The Central Bank of Nigeria (CBN) has debunked speculations making the rounds and suggesting that the naira is finally about to be devalued.
Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
The prices of major household food items witnessed significant increase within the last two weeks, resulting in low patronage for many traders in various markets.