Posted by admin
Economy, Headlines, Naira (Currency), National Politics, Top Stories
Saturday, September 11th, 2021
By Geoff Iyatse (Assistant Business Editor) • Hoarding intensifies while BDC operators run out of supply • Banks may resort to rent-seeking • No customer with genuine need has been turned back, CBN insists • ‘Proposed e-naira will stabilise financial system’ The new foreign exchange (FX) sale template faces a major test, as naira took a major […]
Posted by admin
CBN (Central Bank of Nigeria), Economy, Headlines, Naira (Currency)
Wednesday, August 18th, 2021
cbn By NAN The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the Naira to the effects of the COVID-19 pandemic on the economy. Adamu stated this at an interactive session with the House Committee on Finance on the 2022-2024 Medium-Term […]
Posted by admin
CBN (Central Bank of Nigeria), Economy, Headlines, Naira (Currency), National Politics
Tuesday, August 3rd, 2021
Godwin Emefiele of CBN. Photo: NAIRAMETRICS By Geoff Iyatse ‘We will ensure full compliance with new rules’ The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians. This came as the […]
Posted by admin
Economy, Headlines, Naira (Currency)
Tuesday, August 3rd, 2021
Naira vs Dollar. Photo: NAIRAMETRICS By Geoff Iyatse Data suggest increasing perception about naira The dollar pulled back at the parallel market at the weekend on the strength of rising market optimism and ease of panic over the stoppage of foreign exchange sale to the bureau de change (BDC) operators. The dollar traded between N505/$ and […]
Posted by admin
Economy, Headlines, Naira (Currency)
Wednesday, July 28th, 2021
By Abankula The Nigerian Naira is in a tailspin at the Black Market, a day after the Central Bank stopped weekly sale of dollars to the BDCs. According to the ngnrates.com, the Naira slumped to N522 to the US Dollar. Operators in the market bought it at N515. At BDCs, the rate quoted was N510-N520. […]
Posted by admin
Economy, Latest Politics, Naira (Currency), Top Stories
Thursday, June 17th, 2021
By Dennis Erezi Nigeria’s Naira weakened to a four-year low in the parallel market after the Central Bank of Nigeria (CBN) efforts to persuade banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. As of Wednesday, black market dealers were offering the naira at 502 per […]
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 […]
