The naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of the Central Bank of Nigeria (CBN). The Nigerian currency lost
Tag "naira"
The naira depreciated further at the parallel market on Monday, amid growing shortage of the currency. The Nigerian currency lost N5 to exchange at N297 to the dollar, representing a
The naira fell to a record low of 282 against the dollar on the parallel market on Monday, immediately after the Central Bank of Nigeria (CBN) announced its decision to
Godwin Emefiele, governor of the central bank of Nigeria (CBN), says the apex bank will no longer sell foreign exchange to bureau de change operators, whom he regarded as being
Renaissance Capital, a Russian investment banking firm with a base in Victoria Island, Lagos, says the fair value of the
Diamond Bank, a Nigerian deposit money bank, has predicted that the Central Bank of Nigeria (CBN) will devalue the naira by at
The first trading day of 2016 came to an end with the Nigerian economy standing firm against reports of woes
Foreign exchange trading by so-called “mallams” has continued in 2016, defying the orders of the Central Bank of Nigeria (CBN),
The naira depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market on Monday.
Nigeria’s foreign exchange reserves fell by $5,183,866,731 in 2015, closing the year at a 10-year low. The decline, which amounted
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