TAG: FLEXIBLE EXCHANGE RATE

[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

A daily compilation of business and economic news from...


CBN’s list of 36 imported items valid for forex explained

CBN’s list of 36 imported items valid for forex explained

More clarification at...


Update: CBN did not reverse ban on 41 items (mix-up explained)

Update: CBN did not reverse ban on 41 items (mix-up explained)

Nairametrics| The Central Bank of Nigeria has issued a press release clarifying interpretations  that...


The Nigerian Economy Today 4/5/2017

The Nigerian Economy Today 4/5/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS...


Official: CBN Excludes Raw Materials For Plastic And Rubber Production From 41 Ban List

Official: CBN Excludes Raw Materials For Plastic And Rubber Production From 41 Ban List

Nairametrics|The Central Bank of Nigeria (CBN) in a circular released today instructed all authorised...


Will CBN’s Latest Move Against The Black Market Work?

Will CBN’s Latest Move Against The Black Market Work?

Nairametrics| The Central Bank of Nigeria issued a press release on Monday confirming that on...



Our Experience Buying Forex At N360/$1

Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar...


Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Welcome to Nairametrics Economic and Business Review, our weekly summary of some of the...


Why Black Market Is Not Going Away Even If We Float

Why Black Market Is Not Going Away Even If We Float

Nairametrics| As at Friday, the 17th of March 2017, the exchange rate at the black market...


Analysis: Stimulating Nigeria’s Economy Through Real Estate

Analysis: Stimulating Nigeria’s Economy Through Real Estate

With two months into 2017 and economic indices yet to take the desired turn,...


Clues That The CBN Is Warming Up For A Full Float Of The Naira

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...


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...


What You Need To Know About The New CBN Forex Policy

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...


Black Market Is Down 35% Since Intro of Flexible Exchange Rate Policy

It's been a disastrous six...


The Week Ahead: As Things Get Tighter, We Need To Be More Creative

The Week Ahead: As Things Get Tighter, We Need To Be More Creative

The pot is shrinking big time The three tiers of government received a total...


CBN To Increase List Of Banned Items

CBN To Increase List Of Banned Items

Nairametrics|Despite criticism from various quarters, the Central Bank of Nigeria will continue with its...


Tuesday Madness: Exchange Rate Experiences Volatility At The Interbank

Tuesday Madness: Exchange Rate Experiences Volatility At The Interbank

The Nigerian Interbank Market did the unthinkable today! The exchange rate opened at N305,...


FX Policy Under Threat As Banks Shun Interbank Market

FX Policy Under Threat As Banks Shun Interbank Market

Sources Reveal Some Banks Are Now Openly Buying & Selling FX Above Interbank Rates...


These Businesses Have Benefitted From Forex Crisis And Their Results Confirms It

These Businesses Have Benefitted From Forex Crisis And Their Results Confirms It

They even surpassed their own...


An Insider Has ‘Confirmed’ That Our Flexible Exchange Rate Policy Is ‘Rigged’

An Insider Has ‘Confirmed’ That Our Flexible Exchange Rate Policy Is ‘Rigged’

This is the darnedest so...


3 Theories Explain Why The Parallel Market Is Still Very Relevant

3 Theories Explain Why The Parallel Market Is Still Very Relevant

On Wednesday, we spoke to our Aboki, Buzu to get an understanding of what...


Beware of These 4 ‘Demons’ Of The New Flexible Exchange Rate Policy

Beware of These 4 ‘Demons’ Of The New Flexible Exchange Rate Policy

If you’re not a Nigerian, please stop reading and close this page. Thank you....


Flexible Exchange Rate: In Thailand, We Have A Clue Of What Could Happen To Our Economy

Flexible Exchange Rate: In Thailand, We Have A Clue Of What Could Happen To Our Economy

Foreign investors attracted to the stable baht, high interest rates (vs rates in Eurodollar...


Flexible Exchange Rate: Why The CBN Mopped Up N206 billion Cash From The Economy

Flexible Exchange Rate: Why The CBN Mopped Up N206 billion Cash From The Economy

Banking system credit opened at 1.06 trillion naira ($5.3 bln) on...


The New Flexible Exchange Rate Policy Details Explained

The New Flexible Exchange Rate Policy Details Explained

Today, the CBN jumped the shark and went for a float. This article explains...


Naira May Sell At ‘N300/$1’ When The CBN ‘Devalues’ This Week

Naira May Sell At ‘N300/$1’ When The CBN ‘Devalues’ This Week

Indications are beginning to emerge that the CBN may well introduce the a dual...


The Economist Magazine Rips Into Buhari In Yet Another Blistering Article

The Economist Magazine Rips Into Buhari In Yet Another Blistering Article

A few days ago we put up a blistering article from Bloomberg which suggest...


The Emperor has a stern message for those who criticized the ‘import ban’

The Emperor has a stern message for those who criticized the ‘import ban’

The CBN on Tuesday issued a new circular listing about 41 items that have now...


CBN Releases 41 List of Imported Items Not Valid For Foreign Exchange In Nigeria

CBN Releases 41 List of Imported Items Not Valid For Foreign Exchange In Nigeria

The Central Bank has issued a new circular informing banning a list of 41...