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Tag "naira"

Here is what the return of BDCs means for the naira

    Here is what the return of BDCs means for the naira

As I like to say, Nigeria is on autoreplay; what happened 10 years ago also happened four years ago, and will also resurface tomorrow. Round and round, the naira story

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Saving the Naira and ourselves

    Saving the Naira and ourselves

Indeed Naira, the Nigerian legal tender, has no religion, tribe or tongue. It is common to all of us as Nigerians and foreign nationals whose businesses involve cash exchanges in

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CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

    CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country.  This is coming 25 months

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NNPC secures $3bn oil-for-cash loan to stabilise the naira

    NNPC secures $3bn oil-for-cash loan to stabilise the naira

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the

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Naira float: How to stop the local currency from drowning us all

  Naira float: How to stop the local currency from drowning us all

Resolved. There are smarter people in government than ‘Mayowa Tijani; these people have the answers to the economic challenges the

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July inflation report, CBN’s financial statement… 7 business stories to track this week

  July inflation report, CBN’s financial statement… 7 business stories to track this week

Here are the seven top business stories you need to track this week —  August 14 to August 18. NBS

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JP Morgan vs Economist Intelligence Unit: Who will be wrong about Nigeria?

  JP Morgan vs Economist Intelligence Unit: Who will be wrong about Nigeria?

The Economist Intelligence Unit (EIU) predicted Atiku Abubakar of the Peoples Democratic Party (PDP) as the winner of Nigeria’s 2019

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Here’s what the numbers are saying one month after naira float

  Here’s what the numbers are saying one month after naira float

It’s been a full month since the Central Bank of Nigeria (CBN) floated the naira. For that whole month, I

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Naira gains marginally, trades N741/$ at I&E window

  Naira gains marginally, trades N741/$ at I&E window

The naira, on Monday, closed at N741.50 per dollar at the investors and exporters (I&E) window. The foreign exchange (FX)

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Naira slides to N769/$ at I&E window as FX turnover surges by 7%

  Naira slides to N769/$ at I&E window as FX turnover surges by 7%

The Nigerian naira, on Friday, plummeted to N769.25 to a dollar at the investors and exporters (I&E) window. The local

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