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FOREX: CBN Opens Week with $195million Intervention

ABUJA – The Central Bank of Nigeria (CBN) on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange...

CBN Supply Crashes Dollar

…naira to appreciate further ahead of Friday Interventions ... as CBN Intervention in Forex Market Pays Off The Naira firmed up at the Bureau de Change...

Naira Listed among 4 Worst Global Currency in 2016

The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to...

CBN Spent $4billion to Defend Naira in 2016

The Central Bank of Nigeria spent $4 billion from the nation’s external reserves to defend the local currency in 12 months, statistics obtained from...

GTBank Slashes Monthly Spending Limit on Naira MasterCard, Bans Use of...

The difficulty in accessing foreign exchange has dealt more blows to usage of credit cards in Nigeria and outside the country as banks have...

Naira recovery likely as Travelex begins weekly dollars sales to BDCs

The naira is expected to make a surprise recovery from today as Travelex, a global foreign exchange (forex) dealer, begins the sale of $15,000...

Naira Falls to N402 against US Dollars

The Naira on Wednesday dipped further against the dollar, closing at N402 to United States currency at the parallel market as against N397 last...

Is Naira on Recovery Path as Banks Begin Sale of Forex...

By Akin Akinremi The resumption of sale of foreign exchange to Bureau De Change operators in the country may soon see dollar appreciate in all...

Naira May Rebound as Banks Begin Sale of Forex to BDCs

Naira, Nigeria's currency may soon be on the rebound as banks began moves to sell foreign exchange to Bureau De Change (BDC) operators. The News...

Naira Plunges to N400 a Dollar at Parallel Market

The naira plunged to 400 against the dollar at the parallel market on Thursday as shortage of foreign exchange continued to have negative effects...
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