A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
President Muhammadu Buhari last week directed the Central Bank of Nigeria (CBN) to halt the sale of foreign exchange for food importation. This prompted front-page headlines defending CBN independence, which we believe will be heeded. However, combined with the CBN’s own pro-growth strategy, with one-year risk-free rates down 155bps in two months, we can
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The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and N396, respectively.
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THE Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs) across the country.
Read More THE declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.
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The naira on Monday traded at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million dollars.
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The Naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos, slightly stronger than N359 traded on Friday.
Read More The Naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos, slightly stronger than N359 traded on Friday.
Read More The Naira on Thursday gained marginally to the dollar at the parallel market in Lagos, exchanging at N358.5 to the dollar.
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The Naira, on Monday, traded at N359.3 to the dollar at the parallel market in Lagos.
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THE Naira exchange rate has suffered severe battering in recent times and fallen from about N160 to the present N197=$; even when our national experience suggests a close correlation between deepening poverty and weakening Naira exchange rates.
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