Thursday, April 25, 2024
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Tag "exchange rates"

FX rates gap in official, parallel markets hits N219 — heads towards Buhari’s era

    FX rates gap in official, parallel markets hits N219 — heads towards Buhari’s era

Under President Bola Tinubu’s tenure, the foreign exchange (FX) rates disparity is gradually returning to the era of Muhammadu Buhari, former president — as the gap between the official and

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Naira appreciates at N394/$1 in I&E window

    Naira appreciates at N394/$1 in I&E window

The naira appreciated by 4.1 percent at N394.30 on Monday in the import and export (I&E) window.  Market analysts opined that the surge in demand pressure during trading forced authorities

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CBN: Firms expect naira to depreciate further in January

    CBN: Firms expect naira to depreciate further in January

Firms expect the naira to fall deeper in January 2021, according to a new report by the Central Bank of Nigeria (CBN). This was contained in the apex bank’s statistics

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IMF: Nigeria needs a unified market-based, flexible exchange rate

    IMF: Nigeria needs a unified market-based, flexible exchange rate

The International Monetary Fund (IMF) says major policy adjustments embracing broad market and exchange rate reforms are needed to address Nigeria’s recurrent Balance of Payments (BOP) pressures and raise the

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Senate summons Emefiele over FX rate for 2nd Niger bridge, Abuja-Kano road

  Senate summons Emefiele over FX rate for 2nd Niger bridge, Abuja-Kano road

The senate committee on finance has summoned Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), over approved exchange

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Soludo: Nigeria must get out of multiple exchange rates

  Soludo: Nigeria must get out of multiple exchange rates

Chukwuma Soludo, former governor of the Central Bank of Nigeria (CBN), says Nigeria must take steps to eliminate the current

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