Nigeria’s financial markets were in a tailspin at the weekend amid concerns over macroeconomic outlook and dodgy currency risks. Consequently, the naira fell across the official...
By FBNQuest Analysts According to the CBN’s latest Quarterly Statistical Bulletin (QSB) total fx inflow into the Nigerian economy declined by -11% q/q to USD18.4bn in...
The volatility in the forex market has killed several telecom projects, stakeholders in the ICT sector has said, even as they called on policymakers to make...
The Centre for Promotion of Private Enterprises (CPPE) has again urged the Central Bank of Nigeria (CBN) to adopt a flexible exchange rate regime to end...
As reserves loses grip on $40bn mark Analysts have expressed worries over depleting external reserves of the Central Bank of Nigeria as they warn of...
Nigeria’s foreign exchange reserve sustained its decline as the Central Bank of Nigeria (CBN) stepped up its interventions in the FX market. Thus, the gross reserves...
Increasing demand for foreign exchange (forex) by investors has been fingered for the negative performance of Nigeria’s local currency, Naira, last week. A look at the...
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change (BDCs)...
The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance (PTA) and bought cheap dollars at the bank...
The accretion to Nigeria’s foreign exchange reserves was sustained for the second consecutive week, as it closed higher by $441.63 million week on week at $34.70...
