Naira

Naira steady on street but CBN’s Special Bills leave market adrift in search of direction

By Charles Abuede   Fixed income market in bearish posture Prevailing uncertainty in the market and recent sell-offs expected to impact…

Naira trades N455/$1 on street, N453 at BDCs, weakens N386.17 at I&E, as bids in above N383

Charles Abuede Fixed income market upbeat The naira traded at N455 to the dollar on the Nigerian street currency market…

Forex scarcity sends naira crashing, now N472/$ at parallel market

Foreign exchange scarcity has triggered further fall of the naira in the parallel market where it now exchanges at N472…

Naira weakens despite dollar selloff

As the worldwide race for a coronavirus vaccine gathers pace and fiscal stimulus uplifts global sentiment, investors seem to be…

Naira weakness is hurting private sector – MAN

As Nigeria grapples with falling revenue and depreciating oil prices, members of the organised private sector have expressed worry about…

Analysts blame weakening naira as Nigeria’s inflation hits 12.56% for tenth straight month

Charles Abuede A weakening naira is what analysts are holding to account for a continuous rise in Nigeria’s inflation as…

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