Naira weakens further to 486/$1 at parallel market
The Nigerian currency extended its decline against the dollar on Monday at the parallel market. The naira fell to 486
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CBN
CBN may not increase interest rates amid rising inflation: Capital Economics
Concerns about a weak economic recovery may keep the Central Bank of Nigeria from increasing interest rates amid rising inflation,
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Nigeria’s forex reserves plunge to 11-month low
Nigeria’s foreign exchange reserves have plummeted to the lowest level in 11 months despite the sharp rise in the price
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Naira tumbles to 484 against dollar at parallel market
The Nigerian currency extended its decline against the dollar on Tuesday at both the parallel market and the investors’ and
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Why investors will be wary of putting money into Nigeria
Virág Fórizs The reported (but unconfirmed) devaluation of one of Nigeria’s exchange rates would help to improve the public finances, but it
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Nigeria’s forex reserves fall below $35bn despite oil rally
Nigeria’s foreign exchange reserves have fallen below $35 billion to the lowest point in more than two months, despite the
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SEC, CBN, others to develop regulatory structure for cryptos
The Securities and Exchange Commission said on Tuesday that it would collaborate with the Central Bank of Nigeria and other
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Nigeria’s forex reserves fall to near two-month low
Nigeria’s foreign exchange reserves have declined to $35.47 billion, the lowest level in nearly two months. The reserves have fallen
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CBN will depreciate naira by 5.3%, says Cordros Capital
An investment management firm, Cordros Capital Limited, has said the Central Bank of Nigeria is expected to depreciate the naira
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WorldRemit welcomes CBN mandate on new dollar bank accounts
WorldRemit, a cross-border digital payments service, has described as a welcome development the Central Bank of Nigeria’s announcement that all
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