BACK ON TRACK? Naira Rises To Six-Week High
The naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold dollars ...
Tag: Naira Devaluation
News and stories about Naira Devaluation
Interbank Rates Rose To 18.5% on Friday 18th March
The Nigerian Interbank Offered Rates (NIBOR) increased significantly to an average of 18.5 per cent on Friday, as against the ...
Naira Stabilizes After “Sanusi Shock”; Now N165.7 @ Interbank & N171 @ Blackmarket (24/2/14)
The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the forex ...
Sanusi’s Removal Increased Forex Demand To $1billion in One Day
Thisday||The naira depreciated against the United States dollar last week as the suspension of Mallam Sanusi Lamido Sanusi as the ...
How The Emerging Market Sell Off Can Affects Banks and Off Course…You!!
I read this article on Quartz and I thought ian was an instructive depiction of why we should be worried ...
It’s Real!! CBN Confirms Major Drop In Foreign Direct Investment & Foreign Portfolio Investments in 2013 Q3
The CBN released its 2013 Q3 external sector development showing huge declines in Foreign Portfolio Inflows as well as Foreign ...
U Turn: CBN Removes $250,000 Weekly Sales Limit on BDC
The battle to save the Naira was never going to be an easy one especially in an election year. It ...
Argentina Blames Online Shopping For Dwindling Forex Reserves and Decides To Fight It In A Rather Bizarre Way
It appears Nigeria is not the only country facing depleting forex reserves. However, whilst the CBN blames public sector spending, ...
Who Is Buying? Bureau de Change Consume $1billion Weekly
According to the Nation report; Bureau de Change operators consume on the average, over $1billion in foreign exchange transactions per ...
75% CRR: These Are The 4 Axis Of Evil Threatening The Economy And Why CBN Had To Go All Gunz Blazing
The CBN in its latest MPC meeting raised its Cash Reserve Requirements on public sector funds from 50% to an ...
