The Minister of Finance, Budget and National Planning, Zainab Ahmed, said Monday the Federal Government was studying the decision of the Francophone West African countries to...
The possibility of Nigeria’s local currency, the Naira, shedding its value in Quarter 3 in response to its perennially strong import culture, which far outpaces its...
Following Tuesday’s 50 basis points cut in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), from 14 per...
The Central Bank of Nigeria’s (CBN’s) fourth quarter economic report has revealed that about $39.9 billion was injected into the foreign exchange market to defend the...
The Naira made a modest gain of 50 kobo against the US dollar to close at N360 on Monday. The British Pound Sterling sold at N472...
The naira, on Thursday fell by one percent to N370 per US dollar at the black market. The one percent slump is the weakest performance of...
THE depreciation of the naira in the last two weeks may persist this week following increased demand for dollars triggered by political campaign activities across the...
The combination of tightening global financing conditions, which has resulted to capital outflows in the country, the elevated global risk aversion, 2019 election uncertainties and high...
The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nation has learnt. The...
The Central Bank of Nigeria (CBN) said it has commenced the disbursement of low denomination notes to aid easy accessibility of the currency and put an...
The Central Bank of Nigeria (CBN) has warned the public to desist from all forms of abuse of the Naira, or risk jail term. According to...
The Central Bank of Nigeria (CBN) said the bank’s resistance to float the Naira in the face of the economic challenges that befell the nation saved...
The Muslim Rights Concern (MURIC) has demanded that the federal government withdraw from circulation, all N100 notes printed during the administration of former President Goodluck Jonathan....
With increase in Nigeria’s foreign reserves and stability in the naira exchange rate, Nigeria’s recession will be over by third quarter of 2017. The Central Bank...
Despite persistent pressure from the International Monetary Fund (IMF) and other institutions on Nigeria to devalue the naira, by floating it, the apex bank says it...
Despite the new CBN policy on stemming the sliding tide of the naira against the dollar, the local currency on Tuesday maintained a 1.2 per cent...
There is an apparent glut in the foreign exchange market as the Central Bank of Nigeria (CBN), on Thursday, said of $100 million it supplied to...
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos...
The loss of 1.5 per cent by the Nigerian local currency, the naira over dollar, a week after constant appreciation over foreign currencies, especially, the dollar...
Despite the CBN’s new policy said to have seen naira on a steady rise in value in the past one week, experts say the gain may...
For insisting that Nigeria must officially devalue its local currency, the naira, the Federal Government may have closed all intention of seeking for loan facilities from...
The Central Bank of Nigeria (CBN) may have concluded plans to offer for sale a minimum of $650 million weekly in the next five months. This,...
More facts have emerged on why the Central Bank of Nigeria (CBN) has stopped its subsidiary, the Nigeria Security Printing and Minting (NSPM), from printing lower...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
Contrary to the CBN expectation that anticipated influx of dollar from Nigerians in Diaspora would sustain the exchange rate of the naira, the local currency on...
The blame game on why Nigeria’s local currency, the naira, has defied all measures aimed at shoring up its value against major currencies continues. The Central...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
The European Union, EU, has advised the Federal Government on a number of steps to take to tackle the current economic recession in the country. ...
Nigeria has concluded plans to raise a total of N129.67 billion in treasury bills next week, even as its foreign reserves recorded its worst slip in September 2016, according to the Central Bank of Nigeria (CBN’s) data,released at the weekend. The apex...
Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to...
Nigerians hoping to build houses in the near future and those in the construction industry have to now reconsider their plans in terms of cost. This...
A three-year old boy, Bashir Aliyu, died while three others sustained injuries as a result of windstorm which destroyed several houses at Shuni town in Dange-Shuni...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency may soon regain some lost grounds against...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
After the much celebrated declaration of the Nigerian economy as the largest in Africa and 26th in the world, South Africa has pushed the country back,...
The recent directive by the Central Bank of Nigeria (CBN) limiting the number of international money transfer operators (IMTOs) from 15 to five has continued to...
Foreign airlines in Nigeria have expressed concern over the persistent scarcity of dollars and fall of the naira value, both of which have started having a...
The presidency has reacted to criticisms trailing the directive made by the Central Bank of Nigeria (CBN) to banks to sell dollar to intending hajj pilgrims...
The Nigerian currency, the naira, collapsed to an all-time low, exchanging for 400 per dollar at the parallel market on Friday. No official reason was adduced...
The Central Bank of Nigeria (CBN) has directed commercial banks to immediately start the process of extending dollar loans to their customers. This is seen as...
Nigeria will this week conclude talks with the African Development Bank (AfDB) for a $1 billion loan with which to finance its N6.06 trillion 2016 budget....
Apparently disturbed by the continuous slide of the naira, the Central Bank of Nigeria on Friday rose to the challenge by injecting $5 million to the...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency will soon regain some lost grounds against major currencies. Last year alone, Nigerians abroad sent $31.5 billion home and have...
The Nigerian currency, naira, fell N351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday....
The Naira on Friday fell to N281 to dollar despite dollar injection worth $58 million into the market. The dollar supply was the fifth in row...
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
For those who thought President Muhammadu Buhari is getting bugged down by age or ill health, especially in the wake of his recent 10-day vacation, they...
Statistical data from the Central Bank of Nigeria (CBN) Tuesday show that the Naira gained for the second day of trading without a peg after the CBN...
For the second day, the naira has depreciated to N286 per dollar as the Central Bank of Nigeria (CBN) sold $2 million dollars in interbank market...
