naira

Naira Rises to ₦1,490 Per Dollar in Parallel Market as FX Reforms Take Hold

Naira Rises to ₦1,490 Per Dollar in Parallel Market as FX Reforms Take Hold

The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking… Read More

5 months ago

Bismarck Rewane: CBN’s $8 Billion Defence of the Naira is Ok

Bismarck Rewane, a prominent Nigerian economist and CEO of Financial Derivatives Company Limited, appeared on Arise News to address the… Read More

5 months ago

Bismarck Rewane: Naira Recovery Not Sustainable, Don’t Get Carried Away

In recent months, the Nigerian naira has shown signs of appreciation, trading at approximately ₦1,502.50 per dollar in the official… Read More

5 months ago

Dollar to Naira: Naira Stabilises at N1,515 at the Black Market

The Nigerian naira has recently demonstrated notable resilience against the U.S. dollar in both official and parallel foreign exchange markets.… Read More

5 months ago

Kingsley Moghalu, “I No Longer Talk on the Nigerian Economy; It’s A Dialogue with the Deaf”

Dr. Kingsley Moghalu, Nigerian political economist and former Deputy Governor of the Central Bank of Nigeria (CBN), has announced his… Read More

11 months ago

Naira holds steady at N1600/$ despite FX market improvements

The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country's foreign… Read More

11 months ago

Bulls lead N25.72bn market gain despite Naira’s fall to N1,509.45/$

Key Points Market Rebound: The Nigerian equity market gained five basis points, closing at 100,067.77 points after a previous decline.… Read More

1 year ago

Investors gain N95bn in midweek stock trading as Naira depreciates by 0.47%

Key Points The Nigerian Naira depreciates against the US Dollar by 0.47% on the official exchange market. The exchange rate… Read More

1 year ago

Naira’s crisis not caused by cryptocurrency, says London varsity don

  She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira's… Read More

1 year ago

US inflation falls to 3.3 percent in October

President Joe Biden received some welcome news on Wednesday as the US consumer price index (CPI) fell to 3.3 percent… Read More

2 years ago

Monetary policy — what is to be done?

If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the… Read More

2 years ago

Of Bans, Foreign Exchange Earnings, and a Strong Naira

Today, confronting evidence of the cackhandedness of our management of our foreign exchange resources until very recently, the question turns… Read More

2 years ago