The pressure on the naira in the parallel segment of the foreign exchange market cooled on Monday as the Central Bank of Nigeria (CBN) announced plans...
The increasing free fall of naira in the foreign exchange market is perturbing as the forex trading determines fuel pump price increase by the marketers, inflation...
The naira plummeted to another record low of N930/$1 at the parallel market yesterday as the demand for dollar by importers and other end-users far outstrips...
The exchange rate between the naira and dollar plummeted to as low as N910/$1 on the parallel market. Operators who spoke yesterday, quoted that the rates...
By Sodiq Adelakun The naira plunged to a record low of N900/$1 on the parallel market on Tuesday, as demand for foreign currency outstripped supply. The...
By Sodiq Adelakun Resent unification of exchange rate windows by the Central Bank of Nigeria (CBN) does not seem to be yielding the desired result of...
The Naira on Friday appreciated against the dollar, exchanging at N743.07 at the Investors and Exporters window. The Naira gained by 4.31 per cent when compared...
By Sodiq Adelakun Amid the economic downturn, Nigeria’s external reserves lost $167.2million in July as the Naira fell further to the dollar. Figures obtained from the...
Nigeria’s rising inflation and the recent harmonisation of the foreign exchange rates have been identified as factors that have eroded the capital base of banks in...
Declining liquidity crunch is conspiring with activities of speculators to undermine the efforts of the President Tinubu-led Federal Government to achieve stability in the nation’s foreign...