Naira sentiment shapes week’s market openings
In the face of economic uncertainty, dollar scarcity and depressed Oil prices, the Central Bank of Nigeria (CBN) has devalued the
Make the Naira Great Again: The Naira as the West African Intra-Regional Reserve Currency
AS NIGERIA CONTINUES TO DEAL WITH THE economic shock of the global shutdown brought on by the pandemic, the inherent weakness of
Naira gains, exchanges 430/$ as forex sale resumes
The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of
Naira plunges further, dollar sells for N412
The dollar exchanged for N412 on Monday at the Bureau de Change segment of the market. This followed a temporary suspension of sale of
Naira stability: CBN spends $25.68bn in eight months
The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January
Naira exchanges at N359 to dollar at parallel market
The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and
CBN to defend reserves in wake of N9bn UK court ruling says Emefiele
Nigeria’s central bank will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas
Naira closes at N359.3 to dollar at parallel market
The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N450
Naira closes at N362.57 to dollar at investors window
The naira on Monday traded at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million
Analysts forsee medium term naira instability as pressure on recurrent expenditure resurfaces
The ability to maintain the long-term stability of the naira has begun to stir concerns of investors who have expressed worry over the