Following Vice President Yemi Osinbajo suggestions that the Central Bank of Nigeria (CBN) should rethink its present forex policy that encourages arbitrage and corruption and allow...
Vice-President Yemi Osinbajo has described the country’s exchange rate as “artificially low” and tasked the Central Bank of Nigeria to devalue the naira to reflect the...
The depreciation in the value of the Naira has been attributed to the effects of the COVID-19 pandemic on the economy. The deputy governor, Corporate Services...
The Nigerian Naira depreciated further against the United States Dollar on Wednesday following the Central Bank of Nigeria’s decision to devalue the local currency. The local...
Economic and financial think tanks have said the continuous devaluation of the Nigerian Naira threatens the livelihood of Nigerians and the economy as a whole. This...
Another Naira Devaluation as Naira Declines to N410.25 Against United States Dollar on I&E FX Window Nigerian Naira declined against the United States Dollar on the...
The Central Bank of Nigeria’s new forex policy has forced many speculators and hoarders at the Nigerian parallel market popularly known as the black market to...
The Naira to US Dollar exchange rate improved by N10 to N490 on Tuesday following the Central Bank of Nigeria’s new directive that allows recipients of...
Naira to United States Dollar exchange rate plunged to N500 on Monday after the Central Bank of Nigeria (CBN) devalued the Naira by N6 on Friday...
The Central Bank of Nigeria (CBN) has once again devalued the Nigerian Naira by N6 to the United States Dollar, making it the third time the...