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Tag "naira"

Foreign reserve records highest new-year opening in six years

    Foreign reserve records highest new-year opening in six years

The Nigerian foreign reserve, in 2019, has recorded the highest opening in six years! According to the latest figures from the Central Bank of Nigeria (CBN), as collated by TheCable, the

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You’ll lick your wounds again, Emefiele tells currency speculators as naira falls

    You’ll lick your wounds again, Emefiele tells currency speculators as naira falls

Godwin Emefiele, governor of the Central Bank of Nigerians (CBN), says currency speculators, betting on a fall of the naira, will lick their wounds again. Speaking at the 2018 Annual

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CBN steps in as naira falls to 15-month low of 371/$1

    CBN steps in as naira falls to 15-month low of 371/$1

The Central Bank of Nigeria (CBN) has stepped in to save the naira, as the local currency dropped on the parallel market to trade at 371 per dollar. On Friday,

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Oil prices ‘may hinder naira’ from benefits of weak dollar

    Oil prices ‘may hinder naira’ from benefits of weak dollar

Lukman Otunuga, FXTM research analyst, says the naira will not benefit from a weakening dollar if oil prices keep declining at an alarming rate. The dollar dropped into the negative

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Nigeria’s foreign reserves fall by $2.2bn in Oct — biggest monthly drop since 2015

  Nigeria’s foreign reserves fall by $2.2bn in Oct — biggest monthly drop since 2015

Defending the naira has become more expensive as Nigeria’s foreign reserves declined by $2.2 billion in October 2018 alone —

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Higher US interest rates burn through Nigeria’s reserves

  Higher US interest rates burn through Nigeria’s reserves

Defending the Nigerian Naira against the mighty Dollar has come at a steep price to the central bank of Nigeria

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DEFENDING NAIRA: Foreign reserves fall by $2.1bn in 30 days

  DEFENDING NAIRA: Foreign reserves fall by $2.1bn in 30 days

Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria

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Emefiele: It is either build reserves or save the naira — we’re choosing the naira

  Emefiele: It is either build reserves or save the naira — we’re choosing the naira

Godwin Emefiele, governor of the Central Bank of Nigeria, says the Buhari-led administration chose to save the naira instead of

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US-China dispute, South Africa’s recession… is the naira safe?

  US-China dispute, South Africa’s recession… is the naira safe?

It has certainly been an explosively volatile trading quarter thus far as investors juggled with global trade tensions, dollar strength

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Naira threatened by external factors

  Naira threatened by external factors

External influences may impact the Naira this week, with investors keeping a very close eye on any further – turmoil

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