Tinubu vows to deal with forex liquidity, restore market confidenceÂ
President Bola Tinubu has allayed the concerns of the business community, assuring them that crucial plans are underway to improve foreign exchange liquidity. The President said his administration will honour…
Naira loses steam, exchanges N770.38 to a dollar, drops 16.19%
The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging N770.38 to the dollar. The local currency showed a 16.19 per cent decrease when compared…
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…
Osinbajo never called for devaluation of the naira – Aide
October 13, 2021 The office of Vice President Yemi Osinbajo has explained that reports in the media that the vice president advocated for devaluation of the naira was a mis-representation…
Economists’ Forum: Emefiele not the cause of naira woes
September 9, 2021 The North-South Economists’ Forum, NSEF, a focus group of development economists, has exonerated Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, from the continued depreciation of…
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…
We’ll not devalue naira now – CBN; confirms shortfall in dollar inflow
Market fundamentals do not support a devaluation of Nigeria’s naira currency at this time, the central bank said in a statement on Thursday. The currency in Africa’s top oil producing…
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…