Forex: Parallel market records lowest value since 2017

Forex: Parallel market weakest since 2017

Naira has depreciated to its weakest level since February 2017 at the parallel market, which is also known as the ...

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.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira’s true value

by Olumide Adesina

April 1, 2020

CBN has adjusted the value of the Naira by as much as 15% as it seeks a single exchange rate instead ...

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?

Tweak of exchange rates: A bold move from CBN?

by CSL Stockbrokers

March 24, 2020

The Central Bank of Nigeria (CBN) on Friday moved the official exchange rate from N307/US$1 to N360/US$1.

CBN Gov. Godwin Emefiele and President Buhari

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.

Dollar to sell for N360, ABCON insists

by Chike Olisah

March 20, 2020

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

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

Defending the naira at a cost

by Olumide Adesina

March 17, 2020

President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Naira and the exchange rates

by Kalu Aja

February 25, 2020

In exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars ...

Nigeria Customs Service changes exchange rate from N305 to N326

by Bamidele Samuel Adesoji

June 14, 2019

Latest development suggests the Central Bank of Nigeria (CBN) may finally allow the Nigerian naira to be floated and freely determined ...

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

CBN’s intervention in FX market hit $39 billion in 2018

by Bamidele Samuel Adesoji

February 27, 2019

The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market (Forex). This ...

Tag: Naira exchange rate