These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
The rise in demand and contrasting drop in supply has called for another round of devaluation...
Business leaders have given their opinions on CBN's plan to unify the exchange rate of the Naira.
Neimeth has been one of the better performers in the stock market in the last one year.
Timeline of every action announced since the outbreak hit Nigeria.
Naira unification around NAFEX could burn the fingers of speculators.
Uncertainty of the market remains, particularly due to liquidity shortages across markets.
He revealed the unification will also be around the NAFEX rate.
CBN has disbursed the total sum of N107.45 billion to beneficiaries from the N1.15 trillion COVID-19 Pandemic Intervention Funds.
Nigeria's foreign exchange reserves now stand at $36.57 billion, having increased sharply from $33.42 billion as of April 29, 2020.