Lukman Otunuga, research analyst at FXTM, says the international community and local investors are still nursing “elevated expectations” that the central bank (CBN) will fix Nigeria’s multiple exchange rates. Speaking
Tag "naira"
The Nigerian naira appreciated to 445 per dollar on Monday, as the Central Bank of Nigeria (CBN) pumped a total of $180 million into the foreign exchange market. The fresh
Aminu Gwadabe, president, Association of bureau de change operators of Nigeria (ABCON), says the Central Bank of Nigeria (CBN) should increase dollar sales to its members this week. Gwadabe said
The Central Bank of Nigeria (CBN) on Monday pumped another $367,134,329.93 into the foreign exchange market, TheCable has learnt. The bank said the fresh round of retail interventions in the interbank
The prices of building materials have not reduced despite the appreciation of naira at the foreign exchange market. According to
For the first time since eight days ago when the Central Bank of Nigeria (CBN) adjusted the foreign exchange policy, the
The drastic appreciation of the naira must be supported with devaluation or proper free-float of the local currency, else, the
The naira on Monday continued to strengthen against the dollar and other major currencies, gaining N10 to exchange at N450 to
The Central Bank of Nigeria (CBN) has pumped fresh $180 million into the foreign exchange market, in its bid to
The naira, which has been on a path of recovery, traded between 400 and 470 to the dollar at the
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