IMF reveals CBN is ‘taking steps’ to float the Naira

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Nigeria may need more than $3.4 billion from the IMF and bond buyers making it inevitable that the currency will ...

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

Trade: CBN reviews exchange rate for cargo imports

by CSL Stockbrokers

April 27, 2020

CBN recently adjusted the exchange rate for import duty payment from N326/$ to N361/$ as part of its efforts at ...

American Dollar remains king as stimulus fails to stop global financial market panic,Demand for “Inflow dollars” drive exchange rate to as high as $N420/$1 compared to “Cash dollars”, U.S dollar drops against major currencies, tension rises between America and China, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar down against major currencies, more countries start lifting of COVID-19 induced lockdowns, The U.S. Dollar Index that tracks the American dollar dropped 0.14% to 96.5 as global Investors and traders appetite for risk increased in momentum, Digitization of U.S Dollar Faces U.S Senate Hearing, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demand, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demand

Demand for “Inflow dollars” drive exchange rate to as high as N420/$1 compared to “Cash dollars”

by Abiola Odutola

April 17, 2020

COVID-19 pandemic and the crash in oil prices have all but extinguished supply of dollars from the IFEX market (official ...

Naira gains on the dollar for the first time since March

by Olumide Adesina

April 15, 2020

Interestingly, the dollar fell significantly against most major currencies on Tuesday, amid concerns that the currency had surged too quickly ...

What constitutes Nigeria’s external reserves?

by Segun Olarinmoye

April 9, 2020

Anytime we hear about foreign reserves, we just learn about the movement in the reserves, whether upwards or downwards. But ...

Parallel market: Naira retains value against US Dollar at $1/N375

Naira slumps further against US Dollar at ₦412/$1

by Samuel Oyekanmi

April 3, 2020

Naira continues on its downward slide against major currencies of the world as it dipped further against the US dollar ...

Foreign exchange market, Nigeria’s fixed income & money market update ending 13th March, 2020, Why the s, CBNtrong dollar is giving Nigeria headache, Nigerian banks broadly positive after Naira devaluation, Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

Exchange Rate: CBN suspends sale of FX to BDCs

by CSL Stockbrokers

March 28, 2020

The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the ...

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

Official: CBN says N360/$1 not devaluation but “adjustment of price”

by Research Team

March 21, 2020

Governor, Godwin Emefiele clarifies the supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation ...

Why Nigeria is experiencing its worst inflation in 21 years

Oil price crash, Coronavirus: The trouble that lies ahead for Nigeria

by Blurb Team @Nairametrics

March 16, 2020

In Nigeria, Coronavirus possesses a different kind of imminent threat which could cost economies even more.

Speculators strike as exchange rate falls to N366/$1

by Research Team

March 11, 2020

Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.

Tag: Exchange Rate