CBN says new naira would improve exchange rate and inflation in Nigeria
The CBN said the policy would enable it to retake control of the excess money outside the banking system, thereby ...
Tag: currency
Financial Market Update (February 17, 2022)
The treasury bills market was mostly quiet, albeit with massive interests seen on the May-2022 maturity.
Daily Parallel Market Exchange Rate – ₦475/$1
The US dollar stands at ₦470/US$1 in the parallel market
Best performing global financial assets in the last 7 days
Here's an insight into the top-performing financial assets around the world.
U.S dollar posts best monthly gains in 14 months
The US dollar index was up 0.23% to trade at 93.977 earlier on Friday.
IMF calls crypto “special currency” and educates the public
The IMF tweeted the video giving vital details on what cryptocurrency is.
Naira forwards hit record high as local currency crashes to N420/dollar in the parallel market
As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable ...
Defending the naira at a cost
President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from ...
West Africa’s monetary union changes CFA franc to Eco
All former French Colonies in West Africa, except Guinea Bissau, have agreed with France to rename its CFA franc to ...
Nigeria’s currency stability persists at the expense of external reserves
The reserves, which stood at $47.79 billion as at July 5, dropped to $45.23 billion as at September 13.
