Latest News

Naira to remain stable on CBN interventions

Oyetunji Abioye The naira is expected to remain stable against the United States dollar in coming weeks as the Central Bank of Nigeria continues to intervene in the foreign exchange market. The CBN on Wednesday injected $210m into the foreign market, about a week after it injected $200m into the …

Naira Depreciates Further At Investors’ Window

The Naira on Thursday, depreciated further at the investors’ window, exchanging at N360.31 to the dollar, reports say. The Nigerian currency lost 15 kobo from N360.16 traded on Wednesday. The naira also dipped at the parallel market, selling at N363 to the dollar while the Pound Sterling and the Euro closed at N515 and N445. […]

How to pick economic policy tools in Nigeria

It is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.” – Abraham Maslow The Nigerian policy-maker is yet to meet an economic problem that a subsidy or ban cannot fix. When external competition threatens an uncompetitive local industry, the call is not for reform […]

$47 billion in the account! How growing reserves affect your pocket

In case you didn’t know, Nigeria’s external reserve hit $47 billion on Wednesday, the highest in over 4 years. We had an inkling of this achievement last week when the CBN Governor, Godwin Emefiele revealed the feat despite public official records putting it at about $46.6 billion. Not a lot of people feel different about […]

Naira depreciates further at investors’ window –

The naira also dipped at the parallel market, selling at N363 to the dollar while the Pound Sterling and the Euro closed at N515 and N445. The Naira on Thursday, depreciated further at the investors’ window, exchanging at N360.31 to the dollar, the News Agency of Nigeria reports.The Nigerian currency lost 15 kobo from N360.16 […]

Dollar to Naira black market rate today Thursday, 19th April 2018

Dollar to Naira black market rate today Thursday, 19th April 2018 Naira stays firm against dollars, drops against others. Dollar to Naira black market rate today Thursday, 19th April 2018 is N360/N363.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point […]

Naira Depreciates Further At Investors’ Window

The Naira on Thursday, depreciated further at the investors’ window, exchanging at N360.31 to the dollar. The Nigerian currency lost 15 … However, CBN had continued to inject foreign exchange into the market to defend the Naira from the antics of currency speculators. In 2017 alone, CBN injected …

Nigerian apex bank injects $210m into forex market

Published on 19.04.2018 à 17h21 by APA News The Central Bank of Nigeria (CBN) has injected $210m into the foreign exchange market to meet the requests of customers and maintain a stable exchange rate for the local currency, the naira.A report by a local newspaper, the Punch, said on Thursday that […]

CBN injects $210M as naira appreciates to N360.16/$ — SEPTIN911 Entertainment

CBN injects $210M as naira appreciates to N360.16/$ — SEPTIN911 Entertainment Home CBN injects $210M as naira appreciates to N360.16/$

Isaac Okorafor: CBN pumps $210 million into FX market to reduce pressure on Naira

The CBN says the intervention is to ensure stability and reduce pressure on the naira against other foreign currencies especially the dollar.

CBN’s $210m intervention lifts naira value

Nigeria’s currency on Wednesday appreciated against the US dollar by N09.31k, as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange… Read More…..Source · CLICK TO DOWNLOAD NEWSHEADLINES ANDROID APP & GET THE LATEST NEWS ON THE HOUR …

CBN injects $210M as Naira appreciates to N360.16 per Dollar

The Central bank of Nigeria has again intervened in the foreign exchange market, injecting the sum of $210 million. The intervention comes as the Naira on Wednesday appreciated by 31 kobo to trade at N360.16 per dollar in the Investors’ and Exporters’ (I&E) window. The local currency was formerly trading at N360.47 per dollar on […]

CBN injects $210M as naira appreciates to N360.16/$ – Vanguard – Latest Nigerian News

The Naira yesterday appreciated by 31 kobo to N360.16 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market. The post CBN injects $210M as naira appreciates to N360.16/$ appeared first on Vanguard …

Naija Dailies: Nigerian Business News | CBN injects $210M as naira appreciates to N360.16/$

   Top Nigerian Dailies    Most Read Nigerian News 1 Stolen Senate mace recovered at Abuja City Gate – The Guardian 2 Another bank robbery attack in Ifaki Ekiti, one Mopol dead, […]