Wealth.ng

Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

Understanding CBN’s Battle Against Speculators 

Nairametrics| In the popular book 48 laws of Power, author Robbert Greene writes in the 15th law that you crush your enemy totally!  It appears the...

CBN Fixes N362/$1 Rate For BDCs To Sell

Nairametrics| The Central Bank of Nigeria on Tuesday fixed an exchange rate of N362/$1 for Bureau De Change operators. (BDCs). Here are highlights ...
Invest in treasury bills

Naira Revaluation: Analysts Explain Why You Should Not Get Carried Away

CBN has always elicited varied reactions
CBN renew focus to grow the non-oil sector

What Next After Exchange Rate Drops Below N400 For First Time Since August 2016?

Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for the first time since August...

A Familiar Pattern Is Rearing Its Head On The Black Market

Nairametrics| The exchange rate closed on Thursday at a price of N400 on the black market. If you wanted to sell to black market operators,...

CBN Stays Pumping: Naira Now At 6 Months High

"You know what capitalism is? Getting f%&@!&" Scarface Nairametrics| A lot of words have been used to describe the recent CBN intervention in the retail end...

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 two weeks now. The policy has seen the exchange rate...
Invest in treasury bills

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 them to open teller points in all locations to improve...

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

Nairametrics| The Central Bank of Nigeria on the 1st of March published the list of forex sold by commercial banks in Nigeria for the...

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

Is the CBN getting scared or just very confident?

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 rates to do so.  According to a Reuters article, Nigeria's...
Emefiele quotes

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 2, 2017. Data from our parallel market tracker suggest the dollar was...

Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Rating agency Fitch, has dropped its first analysis on the latest CBN Forex Policy. Here it is LONDON, February 22 (Fitch) Measures announced on 20...

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 Forex to the interbank market in a bid to inject...
Dollar Squeeze

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 polices aimed at reducing dollar scarcity at the retail end...

CBN sells $6m to banks @N304.75

The Central Bank of Nigeria sold about $6 million to commercial banks on Tuesday, according to information from Reuters.  This comes a day after announcing...

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 to access Forex for Personal Travel Allowance, School and Medical...

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

A policy walking on thin ropes

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 be a major step towards floating the Naira. The CBN...

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 February, 2017 targeting the retail end of the black market....
CBN Governor, Godwin Emefiele

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 forex policy on its website. It called it "New Policy...
Emefiele’s reappointment

CBN Introduces New Foreign Exchange Policy.

In what appears to be a step towards a flexible exchange rate, the Central Bank Of Nigeria (CBN) today introduced a new foreign exchange...

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 low last week dropping to N516 at the black market....

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...