FX backlog settlement: Naira will appreciate faster, Presidency warns Currency speculators
The Presidency has issued a stern warning to currency speculators, indicating an imminent appreciation of the naira. Bayo Onanuga, the ...
Tag: Dollar
Naira to appreciate to 1,200/dollar in 12 months —Goldman Sachs
Global investment bank, Goldman Sachs, has projected that the Naira will gain more grounds against the US dollar in the ...
Mixed reactions continue to trail regulatory actions on BDC operations
Nigerians have continued to weigh in on a barrage of regulatory actions being taken on the operations of the Bureau ...
CBN resumes sale of forex to BDCs at N1,301/$
The Central Bank of Nigeria (CBN) has announced a significant decision to resume the sale of foreign exchange to eligible ...
Arewa Economic Forum urges FG to clampdown on dollar hoarders
The Arewa Economic Forum (AEF) has urged the Federal Government to summon adequate political will to arrest the free fall ...
Lagos Assembly decries downward slide of naira against dollar
The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the ...
Naira value, inflation: Construction experts groan
Construction experts are groaning under the volatile naira devaluation and general inflation in the economy. They are extremely worried about ...
Nigerians wary as CBN debunks plans to convert $30bn domiciliary deposits to naira
The Central Bank of Nigeria (CBN) has debunked reports that it is considering a policy to convert foreign currencies in ...
Expected FX inflows not enough to meet rising dollar demand — Report
EXPECTED foreign exchange (FX) inflows, including revenue from crude oil sales, will fall short of addressing the growing demand for ...
Naira berths at N1,320 to dollar in parallel market
At the close of business on Tuesday, the naira settled at N1,300/$ at the parallel foreign exchange market. This is ...
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