0Frontpage

Businessam StaffSeptember 1, 2017

United States businesses and companies would prefer a free-floating naira for them to invest and do more business in Nigeria,
0Frontpage

Businessam StaffAugust 31, 2017

Nigeria’s central bank Thursday raised the total intervention for the week to $547 million as against $195 million offered the
0Currency

Businessam StaffAugust 21, 2017

For now, this is as close as it gets to a devaluation in Nigeria. Monetary policy officials unified some of their multiple exchange
0Currency

Oluwafemi OgunjobiAugust 9, 2017

Nigeria’s central bank on Wednesday said it plans to sell 62.43 billion naira ($171 mln) of treasury bills at an auction next
0Analyst Insight

Businessam StaffAugust 9, 2017

Bureaus De Change (BDCs), as critical stakeholders in the Foreign Exchange (FOREX) Market, are known for the sale of small volumes of

Aderemi OjekunleAugust 3, 2017

Nigeria’s currency, the naira, Thursday weakened at the parallel market, shedding 0.55 percent to N365 to the dollar from N363
0Currency

Businessam StaffAugust 3, 2017

A move on Wednesday that saw Nigerian banks using the naira exchange rate at the Investors’ and Exporters’ foreign exchange window was
0Frontpage

Businessam StaffJuly 25, 2017

The recent gains of Nigeria’s local currency, the naira, against the US dollar may not be sustainable over a medium term due to a weak
0Frontpage

Steve OmanufemeJuly 19, 2017

Nigeria’s money market rates, in particular, interbank overnight rates, fell week-on-week by over 900 basis points to 5.25 percent
0Currency

Businessam StaffJuly 7, 2017

Nigeria’s currency, the naira, suffered marginal loss at the parallel market Friday while it firmed against the United States dollar