CBN’s MPC unlikely to cut rates, as Nigeria’s foreign reserves hit $36.16 billion
Note that Nigeria's inflation could potentially rise to 14% by the end of the year due to a higher VAT ...
Tag: Foreign Exchange
Naira appreciates at I&E window, hits N384 to $1
CBN intervenes in the foreign exchange market, the local currency, naira, on Monday May 4, 2020, appreciated against the dollar
CBN restarts dollar sales to SMEs, students, PTA
"There is therefore no need for panic by any end-user that could necessitate recourse to illegitimate sources and spike in ...
Naira crashes to N450 to $1 at parallel market amid fx scarcity
The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has ...
CBN restricts forex for milk import to Nestle, Chi, Friesland, 3 others
Central Bank of Nigeria (CBN) has restricted foreign exchange for milk importation to six companies in Nigeria to boost local ...
Milk Import: Experts advise CBN on FX restriction
Industry experts have advised the CBN to consider consulting stakeholders before effecting the ban on access to forex for milk ...
CBN injected $2.63 billion to defend Naira in one month
As part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative ...
Coronation Research Nigeria Weekly Update: The public and the private sectors
As we come to the end the first half of 2019 Nigeria's monetary authorities can give themselves a pat on ...
Nigeria Weekly Update: Focus on P&ID’s threat to the Nigerian economy
Welcome to the Nigeria weekly update on treasury bills, bonds, crude prices, equities, and other macroeconomic indicators...
ABCON automates Nigeria’s Bureaux De Change, promises better services
The Association of Bureaux De Change Operators of Nigeria, ABCON, has launched the automation of its operational processes.
