BUSINESS
Naira free fall: Treasury bills to the rescue
The Central Bank of Nigeria (CBN) sold 207 billion naira in treasuries on Thursday to mop up liquidity, a day after it raised more money […]
NAIRA
BUSINESS
Naira depreciates marginally against dollar
The Naira on Thursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar. The News Agency of Nigeria (NAN) […]
BUSINESS
First Nigerian businesses were hit by a dollar shortage, now there aren’t enough naira
A recent article published by Bloomberg suggests that although the hunt for dollar is in itself harmless, but on the long run has hunted the […]
BUSINESS
How we saved the naira, increased reserves to $33bn – CBN
The Central Bank of Nigeria (CBN) has revealed how it arrested the freefall of the naira when it appeared that all was lost early in […]
BUSINESS
Naira to fall towards N400-$1 As 2019 election campaign beckons
The Nigerian Naira is expected to trade closer to N400 per one dollar as election campaigns for the 2019 elections enter into full swing. Already […]
BUSINESS
Despite CBN interventions Naira closes at 365/dollar
The naira closed at 365 per United States dollar at the parallel market on Wednesday, the same rate it closed on Tuesday. This was despite […]
BUSINESS
Currency-in-circulation Drops To N1.769 Trillion
Currency-in-circulation dropped to N1.769 trillion at the end of July, compared with the N1.873 trillion position it was the previous month. However, while Banks’ Reserves […]
BUSINESS
CBN spends $9bn on FOREX interventions to defend naira in 7 months
Central Bank of Nigeria sold $9 billion to forex dealers through the interbank market between February 21 and August 31 Daily Trust reports. The figure […]
BUSINESS
Naira sustains N367/$ at parallel market
The Naira on Monday remained stable at the parallel market, exchanging at N367 to a dollar, the News Agency of Nigeria (NAN) reports. The Nigerian […]
BUSINESS
Naira drops To 370 As Forex Liquidity Drops
The surge in foreign exchange demands have started weighing on the Naira value. The Nigerian Naira plunged N3 to N370 against the United States dollar […]
BUSINESS
Naira fall to N367/dollar at parallel market
The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost […]
BUSINESS
Naira lose points against dollar in black market
The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar. The Nigerian currency lost one point […]