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PwC says naira may fall to N386

Naira crashes further against dollar at parallel market

The Naira on Thursday depreciated at the parallel market, exchanging at N368 to the dollar. The Naira lost N4 compared to N364 traded on Wednesday while the Pound...

CBN asks importers to trade with yuan instead of dollar 

Emefiele: We’re depleting reserves to defend naira

The Governor of Central Bank of Nigeria, Godwin Emefiele, has said that the present government hose to save the local currency, the naira, instead of building reserves....

Emefile

Emefiele: We’re depleting reserves to defend naira

The Governor of Central Bank of Nigeria, Godwin Emefiele, has said that the present government hose to save the local currency, the naira, instead of building reserves....

We’ve recovered trillions of naira- Buhari

Buhari commissions EFCC complex, says FG has recovered trillions of naira

President Muhammadu Buhari on Tuesday said his administration has succeeded in recovering trillions of naira stolen by people without conscience. He made this known in...

naira-notes

Naira: CBN issues traders smaller denominations to curb scarcity

The Central Bank of Nigeria (CBN) says it has commenced the disbursement of smaller naira notes to traders in order to improve the circulation of N5, N10, N20, and N50...

naira-notes

Britain to add Naira to list of accepted trade currencies

Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian...

PwC says naira may fall to N386

PwC says naira may fall to N386/$

PricewaterhouseCoopers Limited says the naira may exchange at N386 in the second half of 2018. In its 2018 economic outlook released on Tuesday, PwC said lowered oil...

CBN says forex inflow hit $91bn in 2017

CBN to sell $100 million at forex market auction

Nigeria’s central bank plans to sell $100 million at a special foreign currency auction on Monday, the bank said as part of its efforts to improve dollar liquidity...

naira-dollar

BDC operators advise CBN on naira

The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) on steps to sustain the naira’s recovery against...

CBN

Forex: CBN introduces new rules, naira closes at 367/$

The Central Bank of Nigeria (CBN) on Monday introduced new rules into the interbank foreign exchange market. This came barely one week after the naira closed below...

CBN

Naira was accepted in London, Mecca, Medina in 70s – Obadiah Mailafia

A former Deputy Governor of Central Bank Of Nigeria (CBN), Dr Obadiah Mailafia, has called on the Federal Government to take measures that will make Naira convertible...

Naira stable as forex reserves continue on 5-day free fall

Naira stable as forex reserves continue on 5-day free fall

The Nigerian naira remained stable at the parallel market on Monday, despite a continuous fall  in the country’s foreign exchange reserves. Foreign exchange reserves...