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Naira takes a further nosedive, dollar sells for N412

 The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market.This followed a temporary suspension of sale of forex...

Naira falls to N515/$ in forward market

Nigeria’s one-year currency forward posted its biggest drop in more than a decade on Monday, as the Central Bank of Nigeria adjusted the naira’s...

Naira devaluation pressures banks’ assets-Moody

Stories by Kayode TokedeMoody’s Investors Services has said the devaluation of the naira will put pressure on the assets of lenders struggling to raise...

Naira remains N367.79/$ at I& EFX window

By Kayode TokedeThe naira at the Investors & Exporters Foreign Exchange (I & E FX) on Tuesday remained flat against the dollar at N367.78.At...

Naira remains under pressure, drops by 5.3% to N380.00/USD at parallel...

By Kayode TokedeThe naira last week remained under pressure, weakening by 5.3per cent to N380.00/USD at the parallel market and also dropped by 0.6per...

We have not devalued Naira— CBN

...may invoke sanctions on speculatorsBy Kayode TokedeThe Central Bank of Nigeria (CBN) has said that it has not devalued the Naira and warned currency...

Parallel market: naira trades flat at N360.00/$

...as CBN issues MfBs revised supervisory, regulatory guidelinesThe naira was flat at N360.00 against the dollar in the parallel market, while it weakened by...

Naira trades flat at parallel market

By Kayode TokedeThe naira on Wednesday remained flat against the dollar at N360.00 against the dollar in the parallel marketAt the Investors & Exporters...

Naira gains 0.15% to N364.48 against dollar at I&E FX window

By Kayode TokedeThe naira traded flat against the dollar at N360.00/USD in the parallel market while it strengthened by 0.15per cent to N364.48/USD at...

Excess liquidity in banking system threatens naira stability, inflation – CBN

By Kayode TokedeA member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has said excess liquidity in the banking system is...
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