Nigeria has weakened the naira for investors but it may still struggle to attract dollars unless…
Tag: Naira
Again, CBN resists calls to float Naira
The Central Bank of Nigeria (CBN) has resisted calls from financial institutions in Washington to float…
Expert predicts naira appreciation as BDCs receive more Diaspora remittances
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) has said that…
Naira slumps to N395/Dollar
The naira on Monday depreciated further at the black market despite the commitment of the Central…
IMF urges Nigeria to start belt tightening, cut Naira curbs
Nigeria should remove currency-trading restrictions and reduce its budget deficit and debt-service costs to “sustainable” levels,…
IMF urges Nigeria to start belt tightening, cut Naira curbs
Nigeria should remove currency-trading restrictions and reduce its budget deficit and debt-service costs to “sustainable” levels,…
Naira gains 12.36 % in one week
The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last…
Naira Gain: Bureau De Change operators lose N130m
The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has said…
Naira appreciates further, sells at N390/dollar in parallel market
The value of the U.S. dollar continued to diminish against the naira as the Nigerian currency…
Nigeria FX traders widen spreads after black market naira rally
The gap between what traders bid and offer for Nigeria’s naira on the black market has…