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Naira Weakens Against Dollar at Investors’ Window

The Naira on Monday weakened against the dollar at the investor’s (I&E) window, exchanging at N364.28, weaker than N363.68 traded on Friday. Market turnover at...

CBN Injects Fresh $210m into Forex Market

The Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank foreign exchange market to the tune of $210 million. According to the figures...

CBN Unfolds Flexible Foreign Exchange Regime, Devalues Naira

The value of the Nigerian currency may have been devalued to the dollar as the Central Bank of Nigeria on Wednesday announced a flexible foreign exchange...

CBN May Announce Flexible Exchange Rate Guidelines This Week

By Akin Akinremi The Central Bank of Nigeria (CBN) may announce its flexible exchange rate policy guidelines this week, amidst speculations by some financial experts and...

CBN Now to Go for Flexible Exchange Rate

The Monetary Policy Committee of the Central Bank of Nigeria has adopted a flexible exchange rate policy for the country. The CBN Governor, Godwin Emefiele,...

CBN Reduces Overseas Spending To $50,000 Annually

The Central Bank of Nigeria (CBN) on Tuesday reviewed downward the spending limit on the usage of the naira denominated debit cards for transactions...

Emefiele Charges Nigerians Not to Panic over Exchange Rate

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has charged Nigerians not to panic over recent developments in the country’s foreign...
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