Naira and the exchange rates

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

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 ...

Warning signs as Nigeria’s external reserve drops to 6 month’s low.

by Nairametrics

September 10, 2018

Nigeria's external reserve has dropped to $45 billion the lowest since March 21, 2018, when it was $45.3 billion. This is ...

Naira-Dollars, Exchange rate falls at black market as forex liquidity declines by 89.8%

Nigeria’s External Reserves drop below $47billion below for first time in 4 months

by Nairametrics

August 8, 2018

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

by Nairametrics

January 24, 2018

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

by Onome Ohwovoriole

January 4, 2018

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

by Chacha Wabara

September 18, 2017

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

by Chacha Wabara

September 9, 2017

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

by Onome Ohwovoriole

August 28, 2017

All eyes are on the Central Bank of Nigeria (CBN) for the release of the latest foreign exchange reserve figures. ...

Tag: Naira exchange rate