Naira under pressure as Nigeria records poor export earnings

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

The naira is expected to be under intense pressure from the dollar starting next week, no thanks to Nigeria's poor ...

Nigerian Stocks record worst quarterly drop since 2009

by Research Team

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

by Olumide Adesina

March 31, 2020

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’

by Research Team

March 28, 2020

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

Banks’ assets under strain after naira depreciation

by Olumide Adesina

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

by Olumide Adesina

March 24, 2020

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”

by Research Team

March 22, 2020

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

CBN website states oil price is still $61, Naira under pressure as Nigeria records poor export earnings, 4 key sectors the CBN plans to pump money into

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

by Research Team

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

by Olumide Adesina

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

by Chike Olisah

March 21, 2020

Association of Bureau De Change Operators of Nigeria has given assurances to the public of continued sale of dollars at the official price

Tag: Naira Devaluation