The U.S. Federal Reserves decision to hike rates from 1.0 percent to 1.25 percent as announced by its chair, Janet Yellen, on

The rise of the cost of food continued unabated in May even as inflation dropped for the fourth consecutive month to 16.25 percent.

The consistent fall in global oil prices in the past few weeks may hurt the nation’s external reserves and inhibit the Central Bank of

The naira Tuesday had mixed fortunes at the foreign exchange market, appreciating by 0.27 percent at the parallel and recording marked

Liquidity pressures are mounting in Nigerian banks as the Nigeria Interbank Offered Rate (NIBOR) for overnight loans, the benchmark

The Central Bank of Nigeria (CBN) injected $413.5million into the inter-bank Foreign Exchange market Monday. “The CBN offered the sum

The Central Bank of Nigeria (CBN) debt calendar for the third quarter on Friday has shown that it will auction N1.24 trillion ($4.1

An alternative forwards currency market is gradually taking root in Nigeria, Africa’s largest economy, following the introduction of a

In a move to shore up foreign exchange earnings for the government, the Central Bank of Nigeria (CBN) has set its targets on exports

The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the “Investors’ and