Currencies
Nigeria's daily parallel market exchange rate tracker
AMCON Boss Wants CBN To ‘Devalue’ The Naira Quarterly
Just after the CBN Monetary Policy Committee announced devaluation of the naira last year, a CBN Deputy Governor Adebayo Adelabu...
Read moreU-Turn: CBN Reviews Dealers’ Forex Position to 0.1%
The Central Bank of Nigeria (CBN) on Monday reviewed upward the daily foreign currency trading positions of banks from zero...
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Chart of the day: The CBN Has Sold $217.2billion Between 2002 and 2014 ‘Defending the Naira’
Dollar Sales between 2002 and 2014 (Source: CBN) The Minister of Finance, Ngozi Okonjo Iweala responded to criticism labeled by...
Read moreHere Are Godwin Emefiele’s 5 Strong Responses Debunking Capital Controls
The CBN has in recent months issued a set of circulars that have affected the purchase of utilization of...
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Chart of the day: CBN Blows $33billion Defending The Naira in 2014
Just how much has the CBN spent in 2014 in trying to ensure importers meet up with their insatiable need...
Read moreWith a Vengeance, Bears Takes Over Nigerian Stock Exchange
The Nigerian All Share Index followed with yesterday bearish run as the index posted a 4.19% loss. The Index opened...
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Chart of the Day: US Crude Oil Import from Nigeria….Going, Going, G….
Source: Nigerian Budget Office This is just a stark reminder of how bad Nigerian crude oil exports have performed...
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CBN Blows $2billion Defending The Naira (One Month After Devaluation)
It's just over one month since the CBN devalued the Naira and increased lending rate in a drastic attempt at defending the...
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Russia Blew $15b In One Week Defending The Ruble
The Russian Central Bank blew a whopping $15.7billion last week in a continuous bid to defend its currency and support...
Read moreYuletide Present For Nigerians As Dollar Sells For N194 On Xmas Eve
The dollar closed today at the interbank at N180.10 dropping 2.96% from previous day close. It is still about N8...
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