Posted by admin
Economy, Latest Politics, Naira (Currency)
Saturday, January 2nd, 2021
By Elizabeth Adegbesan The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window. This represents the third and biggest daily depreciation of the naira since 2017. Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from […]
Posted by admin
Economy, Headlines, Naira (Currency), National Politics
Wednesday, November 25th, 2020

As MPC retains policy rate, other parameters • Food inflation to moderate as harvest starts, says Emefiele • We must avoid blind speculation, Adedipe warns Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen. As […]
Posted by admin
Economy, Headlines, Naira (Currency)
Sunday, September 27th, 2020
CBN Governor, Mr. Godwin Emefiele The Executive The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this post Monetary Policy Committee interview spoke about the health of banks in the country as well as the impact of the bank’s development finance interventions since the outbreak of the COVID-19. Obinna Chima brings the excerpts […]
Posted by admin
Africa & World Politics, American Politics, Economy, Latest Politics, Naira (Currency), National Politics, Top Stories
Wednesday, September 9th, 2020

By Abankula The Nigerian Naira depreciated against the US dollar in the parallel market on Monday in contrast to the massive gains it recorded last week. According to market monitors, ngnrates.com, the US Dollar is being traded at ‚¦445.00 today, 7 September. This is N5 more than last week’s price of N440. The buying rate […]
Posted by admin
CBN (Central Bank of Nigeria), Economy, Headlines, Naira (Currency)
Sunday, August 30th, 2020
CBN Governor, Mr. Godwin Emefiele Going by the present volatility in the macroeconomy, the Central Bank of Nigeria (CBN) cannot afford to allow saboteurs ruin its current efforts to maintain price stability as well as support the recovery of the economy, writes James Emejo Undoubtedly, these are not the best of times for the Nigerian […]
Posted by admin
Economy, General Politics, Naira (Currency), National Politics
Monday, August 24th, 2020

Nigerian naira banknotes . REUTERS/Afolabi Sotunde • In five-year free fall • CBN sells pound above N500 for the first time The naira has fallen by 108 per cent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the hitherto wide trading gap […]
Posted by admin
Economy, Headlines, Naira (Currency)
Saturday, July 8th, 2017
The Naira on Friday suffered marginal loss against the dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market. The Naira lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed at N468 and N412, respectively. At the Bureau […]
Posted by admin
Economy, Latest Politics, Naira (Currency)
Tuesday, May 9th, 2017
By Babajide Komolafe The nation’s external reserve on Monday dropped by $50 million, the first time in six weeks. Since March 28th, the external reserve has been on the upward trend rising from $30.3 billion to $30.983 billion Friday last week. Data posted by the CBN on its website show that the rising trend was […]
Posted by admin
Economy, Headlines, Naira (Currency)
Tuesday, February 28th, 2017
The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar.However, it was N450 to a dollar at the close of transactions on Monday. A survey carried out by the News Agency of Nigeria (NAN) on Tuesday at the Bureau De […]
Posted by admin
Economy, Headlines, Naira (Currency)
Thursday, October 27th, 2016
As the Dollar Sells for N500… An objective evaluation and analysis of Nigeria’s economic collapse points directly to President Muhammadu Buhari and his unprecedented inaction and monumental blunder in failing to appoint his ministers and form a government until 6 months after he was sworn into office. Furthermore, the delay in having a budget passed […]