Crude oil prices fell on Thursday as the U.S. dollar strengthened after the U.S. Federal Reserve signaled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S....
The Naira fell to N419.75 to the dollar on the official market yesterday in what is seen as currency devaluation aimed at unifying multiple exchange rates as lenders quoted the market weaker in late trades. The...
The International Monetary Fund’s (IMF) Currency Composition of Official Foreign Exchange Reserves (COFER) survey shows that the share of United States dollar reserves held by central banks across the world fell to 59 per cent—its...
The Central Bank of Nigeria (CBN) has projected in its Business Expectation Survey that the naira will begin recovery against the dollar and other global currencies from February 2021. The survey respondent firms, however, envisage higher...
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market as the demand for the US currency soars. The naira fell to 470 per dollar on Friday from...
The naira traded at N470 per dollar at the parallel market yesterday, the lowest since September 29. The naira closed at 382.10 per dollar on the spot market, where the CBN sells limited amounts of the...
*With N8.5tn revenue target, FIRS moves to block N3tn tax leakages. * CBN injects $218.41million into the retail Secondary Market Intervention Sales (SMIS) and CNY 18million in the spot and short-tenured forwards segment of the inter-bank...