Hope of improved remittances shoring up the naira in the days ahead may have been dashed, with latest figures showing that increased demands for foreign exchange...
Recent resumption of intervention by the Central Bank of Nigeria (CBN), is not making enough liquidity available to abate demand pressure in the nation’s foreign exchange...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has noted that the appetite for all things foreign by Nigerians is a major factor contributing...
Optimism appears to have given way for anxiety about the ability of the new leadership of the Central Bank of Nigeria (CBN) headed by Olayemi Cardoso,...
BY EMEKA EJERE Despite massive appreciation of the naira against the dollar on Friday at the official market, events of last week are raising concerns that...
The Presidency has vowed to shock currency speculators, noting that President Bola Tinubu’s administration is working on policies that will strengthen the naira. Tope Fasua, Special...
The naira on Monday, dropped to a record low of N993.83 to the dollar at the investors’ and exporters’ (I&E) window, the country’s official foreign exchange...
BY EMEKA EJERE Resent unification of exchange rate windows by the Central Bank of Nigeria (CBN) does not seem to be yielding the desired result of...
The Nigerian naira on Monday, depreciated by 16 per cent to N770.38 per dollar in the Investors and Exporters (I&E) window following a surge in demand...