The naira fell to a record low of 282 against the dollar on the parallel market on Monday, immediately after the Central Bank of Nigeria (CBN) announced its decision to
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Godwin Emefiele, governor of the central bank of Nigeria (CBN), says the apex bank will no longer sell foreign exchange to bureau de change operators, whom he regarded as being
Renaissance Capital, a Russian investment banking firm with a base in Victoria Island, Lagos, says the fair value of the naira is 305 against the dollar. However, the bank, which
The first trading day of 2016 came to an end with the Nigerian economy standing firm against reports of woes that preceded the 2015 general election. But how firm is Nigeria’s
Foreign exchange trading by so-called “mallams” has continued in 2016, defying the orders of the Central Bank of Nigeria (CBN),
The naira depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market on Monday.
Nigeria’s foreign exchange reserves fell by $5,183,866,731 in 2015, closing the year at a 10-year low. The decline, which amounted
As Nigerians celebrate Christmas across the country, bureau de change (BDC) operators were making some fast change from sale of
The Naira on Wednesday firmed against the dollar at the parallel market as Nigerians in Diaspora returned home for the
The naira strengthened against the dollar to 268 at the parallel market on Tuesday, as President Muhammdu Buhari hinted at
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