The Nigerian naira is inching towards its true value at the interbank market as the Central Bank of Nigeria (CBN) has removed the initial 50 kobo spread limit, in an
Tag "naira"
The Nigerian naira sank to a fresh record low on Friday, as the Central Bank of Nigeria (CBN) attempts boosting liquidity through sales of dollars. The naira fell as low
Muhammad Sanusi II, the emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the naira will firm, if it is allowed to devalue beyond 300/$1
The Nigerian naira took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016. The naira, which began trading at around
Fitch Ratings, one of the three biggest rating agencies in the world, has downgraded two of the biggest banks in
The new foreign exchange regime is failing to bridge the gap between parallel and interbank market rates of the naira
The naira is currently trading at 364 to the British pound but Nigerians can barely buy or sell. The local
The naira on Friday continued to lose steam against the dollar at the parallel market, in spite of the new
The new foreign exchange regime implemented by the Central Bank of Nigeria (CBN) saw the naira “effectively devalued” from 197
Deposit money banks (DMBs) are still charging their customers parallel market rates for foreign exchange transactions done via the bank’s
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