With the consistent issuance of open market operation bills by the Central Bank of Nigeria, the nation’s interbank overnight lending rate is expected to gradually inch...
The Central Bank of Nigeria has expressed its readiness to support the refinery, fertiliser and petrochemical complex being built by Dangote Industries Limited in Lagos by...
The naira took further beating on Thursday at the parallel market, trading near its 2015 low of 280 against the United States dollar. The dollar was...
The yuan sank to a five-year low after China’s central bank set the currency’s reference rate at an unexpectedly weak level, a sign that policy makers...
The ringgit continue its weakness against the US dollar as plunging crude prices and a money scandal involving Prime Minister Najib Razak damp the economic outlook...
The Australian and New Zealand dollars have gone from the worst to best performers among major developed peers as some traders reassessed their outlooks on monetary...
The Lagos Chamber of Commerce and Industry said private operators have lost about N1.46tn as a result of the foreign exchange constraints being experienced in the...
The Central Bank of Nigeria has officially closed the interbank foreign exchange market for the year and won’t be open for transaction till January 4, 2016....
Indonesia’s rupiah led emerging-market currencies higher before a report on the U.S. economy and as China signaled it will take more steps to support growth. Developing-nation...
According to analysts, the significant cut in forex supply to the BDCs coupled with the existing huge unmet demand at the CBN official window has led...
