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 $34.70...
Naira falls to N515/$ as forex scarcity bites harder The naira pared some of its recent gains against the dollar at the parallel market on...
Naira trades flat at N502 against dollar on Nigerian streets Nigerian local currency, naira traded flat in the currency market at N502 against dollar...
Foreign reserves shed $2.3bn in H1 amid rising oil price The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s foreign reserves dropped by...
Naira falls to N505 per dollar at parallel market; forex trade hits $172.24m The exchange rate between naira and the US dollar closed at...
Bismarck Rewane forecasts respite naira at N470/$ in parallel market by July Chief Executive Officer (CEO), Financial Derivatives Company Ltd (FDC), Mr. Bismarck Rewane,...
CBN increases forex allocation to banks, assures liquidity for Invisibles The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of...
CBN defends naira with $1.47bn in one month The Central Bank of Nigeria (CBN) injected $1.47 billion into the foreign exchange segment of the...
CBN shifts forex transactions to I&E window The Central Bank of Nigeria (CBN) has shifted official forex transactions to the Investors’ & Exporters (I&E)...
In retrospect: Nigeria attracted $2.14bn forex in Q4 2020 The Nigerian economy attracted a total sum of $2.14 billion as foreign exchange inflow in the...
FOREX: CBN defends naira with $21.18bn in 11 months In bid to meet demands and further strengthen naira, the local currency, the Central Bank...
