INSIGHTS ON ECONOMY AND FOREIGN EXCHANGE DYNAMICS, BY ARIZE NWOBU
Exchange rate is the price of one currency in terms of another and it is the back bone of international trade. It helps to determine the health of an economy…
CBN, Osinbajo and devaluation of the naira, by Jackson Akpore
October 13, 2021 Not a few Nigerians were surprised at the outrage that greeted what has now been clarified as a mis-characterisation of Vice President Yemi Osinbajo’s submission at the…
Analysis: Emefiele deserves garland, not guillotine
By Jackson Ugbechie The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, is once again up against a special clan made up of Nigerians and non-Nigerians. They are…
Naira appreciates against dollar as BDC operators welcome CBN sale of forex
The Association of Bureau De Change Operators of Nigeria (ABCON) said on Saturday in Lagos that the resumption of sale of foreign exchange to BDCs would usher in stability in…
It’s N480 to a dollar as scarcity of forex worsens
The scarcity of dollars at the parallel market worsened on Tuesday in Lagos and it forced the Naira down to N480 to a dollar. The Pound Sterling and the Euro…
Naira, others to stay down against US dollar in next 3 months: says poll
Nigeria’s naira and other emerging market currencies will struggle over the next three months against the stronger dollar as tensions between the United States and China over the coronavirus pandemic…
Naira appreciates against dollar at investors’ window
The Naira on Tuesday appreciated to N363.07 against the dollar at the investors’ window, stronger than N363.11 posted on Monday. The Nigerian currency closed at N306.25 to the dollar…
The Naira strengthens against dollar at parallel market
June 13, 2018 The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian…
The Naira depreciates against dollar at parallel market
May 14, 2018 The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost 1.1 points…
Post-Easter blues: Naira dips marginally against dollar at parallel market
The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar. The naira lost 20 kobo from N361 earlier traded before the…