Naira
Nigeria banks’ quote using investors’ window seen moving towards single naira rate
A move on Wednesday that saw Nigerian banks using the naira exchange rate at the Investors’ and Exporters’ foreign exchange…
Nigeria’s naira medium-term outlook shaky as multiple exchange tiers, weak oil prices cast pall on recent gains
The recent gains of Nigeria’s local currency, the naira, against the US dollar may not be sustainable over a medium…
N234bn Paris Club refund improves market liquidity as interbank rates trend below policy rate at 5.25%
Nigeria’s money market rates, in particular, interbank overnight rates, fell week-on-week by over 900 basis points to 5.25 percent Wednesday,…
Nigeria’s naira flounders at parallel market appreciate at investor’s window
Nigeria’s currency, the naira, suffered marginal loss at the parallel market Friday while it firmed against the United States dollar…
Long rough road still ahead for Nigeria naira, says EIU
*Central bank can’t keep a hard peg on currency... The Economist Intelligence Unit (EIU), a member of The Economist Group,…
Nigeria naira firms against major currencies, makes marginal gains at parallel market
The Nigerian naira Monday gained 0.55 percent to exchange at N365/$ at the parallel market as Central Bank of Nigeria…
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