Naira
CBN boosts forex market with $195m, insists on transparency among stakeholders
Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central…
Naira firms at parallel market, trades N362/$ on the street
The naira on Monday marginally appreciated against international currencies at the parallel market trading at N362 to the dollar on…
Currency traders see convergence of exchange rates on increased foreign interests in Nigeria’s equities
Nigeria's multiple exchange rates are heading for near-term convergence on the back of growing positive sentiments in the country's equities…
Naira appreciates 0.27% at parallel market, slumps 0.02% at interbank as CBN injects $418m Tuesday
The naira Tuesday had mixed fortunes at the foreign exchange market, appreciating by 0.27 percent at the parallel and recording…
CBN injects $413.5m to defend the Naira
The Central Bank of Nigeria (CBN) injected $413.5million into the inter-bank Foreign Exchange market Monday. “The CBN offered the sum…
Analysts see May 2017 inflation rate dropping on base effect, naira appreciation
Analysts at FSDH Research have projected that Nigeria’s May 2017 inflation rate (year-on-year) may drop to 16.13% from 17.24% recorded…
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