Warning signs as Nigeria’s external reserve drops to 6 month’s low.
Nigeria's external reserve has dropped to $45 billion the lowest since March 21, 2018, when it was $45.3 billion. This is ...
Tag: Naira exchange rate
News and stories about Naira exchange rate
Nigeria’s External Reserves drop below $47billion below for first time in 4 months
Nigeria's external reserves suffered a major drop during the week as CBN data reveals the country's external reserve position was ...
These factors could lead the exchange rate to depreciate to N403/$1
Nairametrics readers and followers have sent us messages asking what we think will happen to the Naira in 2018. It's ...
Angola embraces free markets while Nigeria clings to the past
Southern African major oil producer Angola has signalled its intentions to devalue its currency the Kwacha exchange rate against the ...
The Naira’s Hide and Seek game with currency analysts
That Nigeria has one of the most complex currency systems in the world is an open secret to professionals. However, ...
Top Ten News: Economy, Business and Politics ICYMI
The week drawing to an end has been an eventful one in the political and economic spheres with several talking ...
Jitters as the CBN fails to update external reserves figures in 10 days
All eyes are on the Central Bank of Nigeria (CBN) for the release of the latest foreign exchange reserve figures. ...
Muslim pilgrims moved the Naira Exchange rate, as demand resurfaces
Increased demand for dollars from Muslim pilgrims travelling and individuals paying for school fees abroad has led to a fall ...
Finally, Nigeria is on the verge of a unified exchange rate
The FMDQ asked banks to start quoting rates from the Investors’ & Exporters’ FX Window instead of the CBN official rate. ...
Nigerian Banks raise dollar limit on Naira debit cards
Nigerians, who execute frequent dollar transactions, now have cause to smile as commercial banks in the country have raised dollar limits ...
