The Nigerian stock exchange (NSE) was on the rise on Wednesday, as the naira fell to new record low of N318 to the dollar on the parallel market on Wednesday.
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Despite stringent measures to conserve foreign exchange, the Nigerian foreign exchange reserves fell by $954,581,406 in the past one month. According to the latest figures from the Central Bank of
The Central Bank of Nigeria (CBN) has set out guidelines for the implementation of Treasury Single Account (TSA) across the 36 states of the federation. The guidelines direct the closure
The naira on Monday remained stable, exchanging for N310 to the dollar at the parallel market. It previously exchanged between N305 and N307 to the dollar early last week. However,
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), on Monday said emphasised the need to diversify its economic dependence
Muhammad Sanusi II, the emir of Kano and the immediate past governor of the Central Bank (CBN), says President Muhammadu
The naira traded at N310 to a dollar at the parallel market on Friday, amid expectations of an intervention by
In a bid to generate revenue for deposit money banks, the Central Bank of Nigeria (CBN) has introduced a maintenance
Members of the Nigerian manufacturing industry say the new Central Bank (CBN) foreign exchange policy is boosting the growth of
The naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of
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