CBN’s poor communication harming credibility: Capital Economics
The Central Bank of Nigeria has not done a good job of communicating its plans and strategies, putting its credibility
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Money
FX forwards contracts rise as naira falls further
With no end in sight to the depreciation of the naira against the dollar, there was an increase in foreign
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Naira hits fresh record low against dollar
The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to
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Naira crosses 1,000/$ on official market for first time
The Nigerian currency weakened to as low as N1,097.50 per dollar on Wednesday on the official foreign exchange market, data
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Naira plunges as FX market liquidity drops
The naira weakened at a faster pace against the dollar this week on the official market as liquidity declined. The
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Access Holdings Posts Higher Profit as Interest Income Doubles
Access Holdings Plc, the parent company of Access Bank Plc, reported a profit before tax of N126.82 billion for the
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Drop in FX Market Liquidity Worsens Naira’s Weakening
The liquidity in Nigeria’s official foreign exchange market dropped by more than a third last week, exacerbating the depreciation of
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Dollar Now Costlier Than Euro as Naira’s Street Value Sinks
The United States dollar is now stronger than the euro on the Nigerian parallel market as the naira extended its
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Twofold Rise in FX Market Turnover Fails to Lift Naira
The turnover in the official foreign exchange market more than doubled this week, reflecting increased dollar supply, but the naira
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Cryptos Worth $1.89bn Stolen in Nine Months – Report
Cryptocurrencies worth $1.89 billion were stolen in the first nine months of this year in 297 hack attacks, according to
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