Exchange Rate: CBN suspends sale of FX to BDCs
The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the ...
Tag: Exchange Rate
Official: CBN says N360/$1 not devaluation but “adjustment of price”
Governor, Godwin Emefiele clarifies the supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation ...
Oil price crash, Coronavirus: The trouble that lies ahead for Nigeria
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
Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
NIGERIA: Daily Parallel Market Exchange Rate (September 27th 2019)
Parallel market exchange rate between the Naira and three of the world's major currencies.
Three reasons why the naira is depreciating
The exchange rate between the naira and dollar depreciated to N364/$1 on Friday from N363.50/$1 as the price of oil ...
LCCI opposes N326 per dollar exchange rate for payment of customs duty
The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr Babatunde Ruwase, has opposed the new import duty ...
Next Level: Exchange rate under Buhari by 2023
As President Muhammadu Buhari won Nigeria’s recently-concluded presidential election for his second term bid, Nigerians who voted-in the president again ...
As the economy splutters, banks show how to rake billions under Buharinomics
In the wake of the Soludo led bank recapitalisation drive Nigerian banks saw their balance sheet rise to N17.3 trillion.
CBN gives recommendation on Naira’s value
CBN says all frontiers and developing markets have suffered depreciation and lost reserves.
