forex Archives | Page 15 of 15

CBN hints at devaluation of the naira

The Central Bank of Nigeria says it may devalue the naira if it is found to holistically be in the overall interest of the nation, saying hard choices would be

CBN: Recession may hit Nigerian economy in 2016

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Nigerian economy may plunge into recession in 2016. Speaking after the Monetary Policy Committee (MPC) of the CBN

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Nigeria’s foreign reserves fall by $940million

Nigeria’s foreign exchange reserves have fallen by $940 million (N185 billion), a 2.97 percent from what was obtainable in August, the Central Bank has confirmed. The reserves now stand at

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No more devaluation of the naira, says Buhari

President Muhamadu Buhari has assured Nigerians and the international community that the country’s official currency, naira, will not be further devalued. The naira, which was devalued in November 2015 to 168 against

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