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Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

Forex gains boost Zenith Bank’s 2015 Q1 results

This is a summary of Zenith Bank's 2015 Q1 results Gross earnings of N113.3billion (2014 N94.3billion) +20% Net Interest Income of N42.6billion (2014 N25.8billion) -6% Pre-tax profits...

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

The Central Bank Governor is under pressure not just from you and I but also from some people in Governor. At Thursday's Federal Executive...
Invest in treasury bills

CBN Net FX Inflows Drop For The First Time Since November 2016

Nairametrics| Official records of the CBN indicates that the external reserves as at March 29, 2017 currently stands at $30,296,992,832 . Gross external reserves...

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 in Forex forwards since June 2016, when it introduced the...

Possible Mergers And Takeovers That Can Save Troubled Nigerian Banks

Nigeria’s banking sector is currently facing a crisis of confidence following the central bank’s decision to replace the chief executive officer of Skye Bank...

NIGERIA: Exchange Rate Today (1/6/2016)

    S/N PARALLEL BUY SELL 1 NAIRA/DOLLAR 345 350 2 NAIRA/EURO 384 387 3 NAIRA/POUND 502 507              

What MTN’s Billion Naira 2.6GHZ Could Mean For You And The Competition.

MTN Nigeria Ltd on Wednesday announced that it had won a 10-year radio spectrum licence for mobile broadband services. The 2.6GHz band is expected to guarantee...

Is Julius Berger a Buy At This Price?

Twice on this blog we have done a valuation of Julius Berger and twice we valued the stock at about N70. It seems like...

These Consumer Goods Companies Might Report Major Profit Declines

The year 2015 was a horrendous year for Nigerian consumer goods companies as key indicators showed many of them being hard hit by rising...

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First City Monument Bank Ltd issues N20 billion commercial paper, FCMB Group Records N188bn Revenue, Grows Profit to N20.1bn

FCMB Group records N188bn revenue, grows Profit to N20.1billion

FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased.
CIBN outlines what must be done to revive foreign investors’ confidence , COVID-19: CIBN offers Lagos State N20 million as lockdown paralyses economic activities

COVID-19: CIBN supports Lagos with N20million

The CIBN has donated N20 million to support Lagos State Government in its fight against the spread of Coronavirus.
CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months

External reserves decline by over 8%, despite lower FX demand

Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
Worry for Nigeria as forecast shows OPEC countries will face a challenging 2020 , Why OPEC may not change output cut soon, Weaker oil demand overshadows proposed OPEC output cuts, as oil price dips , Nigeria tops compliance list, as OPEC’s December crude output drops, OPEC, Russia planning biggest oil cut ever

OPEC, allies plan biggest oil cut ever

OPEC and other oil-producing countries are working on a deal for an unmatched production cut equivalent to about 10% of global supply,  
CBN approves suspension of refunds for failed Visa and Verve card transactions

CBN temporarily suspends settlement of failed Visa and Verve card transactions

The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the duration of the lockdown that was recently declared by President  Muhammadu Buhari.