Tag
NAIRA DEVALUATION
News and stories about Naira Devaluation
The Naira is currently trading above N200 in most parts of Nigeria and understandably a lot of my...
The Naira has finally hit N200 in the black market and it appears it has no way of...
The CBN has issued another circular increased its Net Open Position from 0.1% to 0.5% of shareholders fund...
The Central Bank of Nigeria (CBN) on Monday reviewed upward the daily foreign currency trading positions of banks...
Dollar Sales between 2002 and 2014 (Source: CBN) The Minister of Finance, Ngozi Okonjo Iweala responded to criticism...
The CBN has in recent months issued a set of circulars that have affected the purchase of...
It's just over one month since the CBN devalued the Naira and increased lending rate in a drastic attempt...
The dollar closed today at the interbank at N180.10 dropping 2.96% from previous day close. It is still...
A few calls to black market operators in Ikoyi confirm the dollar was trading at between N192 to...
The Central Bank of Nigeria has issued a new circular targeting customers who purchase Forex from the inter-bank...
The Central Bank Governor yesterday in a surprise move issued a circular instructing banks to keep a net...
The CBN Monetary Policy Committee agreed to devalue the naira back in November following massive pressures that have...