CBN Sells $1bn to Clear Backlog of Forex Demand The Central Bank of Nigeria has sold about $1bn on the forward market to clear a backlog...
CBN Fails to Print Small Naira Notes in one Year The Central Bank of Nigeria has not printed small naira denominations for about a year now,...
Wike Budgets N470bn for 2017 Fiscal Year Governor Nyesom Wike, yesterday, presented a budget of N470 billion for the 2017 fiscal year to the Rivers State...
Naira Exchanges for N490 Per Dollar at Parallel Market The Naira on Wednesday weakened to N490 to a dollar at the parallel market after appreciating to...
Another Year of Losses for Stock Market Investors The last trading day at the Nigerian stock market will be Friday, December 30, 2016. Going by the...
Naira Closes at 485/dollar, Three Days to Year End The naira was sold for 485 per dollar on the streets of Lagos and Abuja on Tuesday,...
Naira Improves to N485 Against US Dollar The Nigerian Naira improved against the US dollar at the parallel market during the Christmas celebration as businesses wind...
CBN Sells N40bn Treasury Bills The Central Bank of Nigeria said it had raised N39.72bn ($130.57m) at a Treasury bill sale, with yields unchanged on the...
Interbank Rate Jumps to 50% on CBN Forex Sales The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of...
Forex Scarcity: Naira May Hit N500/dollar Next Week The naira is seen depreciating further and may hit the 500 mark to the United States dollar at...