Tag: FOREX
IMF hails Nigeria’s decision to end currency peg
The International Monetary Fund (IMF) said on Thursday it welcomed the decision by the Central Bank of Nigeria (CBN) to abandon its currency peg...
Finally, CBN abolishes official rate for embattled naira
The Central Bank of Nigeria (CBN) Wednesday announced that it will allow the naira exchange rate to be market-driven, setting the stage for a...
Naira falls to 367 as dollar scarcity hits black market
The naira was quoted at 367 on the black market on Wednesday, down 1.6 percent against the dollar as delays by the Central Bank...
Naira maintains value to dollar at parallel market
The naira on Tuesday traded at N350 to the dollar, maintaining its value since Friday.
It, however, weakened further against the pound sterling.
The naira exchanged...
CBN set to weaken the naira, warns of imminent recession
The Central Bank of Nigeria (CBN) on Tuesday abandoned its naira peg to the dollar in favour of a flexible currency regime, a policy...
Communication minister visits ntel, delighted by transformation of moribund NiTel
NatCom Development and Investment Limited – trading as ntel - the company that acquired the core assets of NiTel/MTel, on Monday played host to...
PDP continues Twitter campaign against Garba Shehu despite litigation threat
The Peoples Democratic Party (PDP) Saturday ignored threat by Senior Special Assistant to the President on Media and Publicity, Garba Shehu, to sue the...