Naira

U.S. businesses canvass free-floating naira for more investment in Nigeria

United States businesses and companies would prefer a free-floating naira for them to invest and do more business in Nigeria,…

Nigeria naira trades N362/$ as CBN injects $547m in one week

Nigeria’s central bank Thursday raised the total intervention for the week to $547 million as against $195 million offered the…

Guide to figure out Nigeria naira’s worth

For now, this is as close as it gets to a devaluation in Nigeria. Monetary policy officials unified some of their…

Nigeria’s central bank to auction N62bn treasury bills next week

Nigeria’s central bank on Wednesday said it plans to sell 62.43 billion naira ($171 mln) of treasury bills at an…

Bureaus De Change automation, an imperative for customer verification

Bureaus De Change (BDCs), as critical stakeholders in the Foreign Exchange (FOREX) Market, are known for the sale of small…

Nigeria’s naira weakens 0.55% against US dollar at parallel market

Nigeria's currency, the naira, Thursday weakened at the parallel market, shedding 0.55 percent to N365 to the dollar from N363…

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