Tag: Naira Devaluation

April 1, 2020

This could be a sign of what is to happen to the economy this year.

Foreign exchange market, Nigeria’s fixed income & money market update ending 13th March, 2020, Why the s, CBNtrong dollar is giving Nigeria headache, Nigerian banks broadly positive after Naira devaluation, Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

Nigerian banks broadly positive after Naira devaluation

March 31, 2020

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The CBN recently adjusted the rate in the Investors and Exporters Foreign exchange window to N380/USD from the N364 to N370.

recession, Surviving the looming recession in the Nigerian tech space

Another crushing recession ‘is coming’

March 27, 2020

Brace up; The effect of the oil price war between Saudi Arabia and Russia as well as Covid-19 virus is ...

Naira falls to N755/$1 at the black market

Banks’ assets under strain after naira depreciation

March 24, 2020

According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to ...

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Naira falls to N515 in forward market

March 24, 2020

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Nigeria's one-year currency forward posted its biggest drop in more than a decade yesterday as the ASI Index fell to ...

Official: CBN says N360/$1 not devaluation but “adjustment of price”

March 21, 2020

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Governor, Godwin Emefiele clarifies the supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation ...

CBN Gov. Godwin Emefiele and President Buhari

DEVALUATION: CBN updates website to official rate of N360/$1

March 21, 2020

The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1.

CBN advances ban on food imports , Emefiele, Nigeria’s manufacturing sector contracts, as key components shrink, CBN makes case for PSBs, cautions Banks, PSBs against demarketing , Banks' deposit with CBN dropped 68% in 9 months , Devaluation’s drum beats louder

Devaluation’s drum beats louder

March 20, 2020

Africa’s biggest economy is again reacting to this crisis the same way it did in the past as she failed ...

Dollar to sell for N360, ABCON insists

byChike Olisah

March 20, 2020