Naira Slips to 485 to a Dollar
Naira has slipped to 485 to a dollar today, Friday, 30 September at the parallel market following the scarcity of the foreign exchange in...
Naira Plummets to All-Time Low of 472/Dollar
The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline...
Naira Crashes Further to N452/$ on Parallel Market
The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445...
Survey Reveals Increase in Credit in Third Quarter
The third quarter (Q3) 2016 “Credit Conditions Survey Report” has revealed increase in secured and unsecured credit availability to households, small businesses and corporate...
Naira Crashes to N445/$ on Parallel Market
The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the...
Naira Falls to 440 as Dollar Inflow Drops
The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new...
Naira Falls to N436/$ on Parallel Market as Dollar Scarcity Worsens
...Nigeria needs $15bn to stabilise, says Dangote
...Lagos, Kaduna top list of most indebted states
The naira fell to an all-time low of N436 to the...
CBN Borrows N141bn via TBs at Lower Yields
The Central Bank of Nigeria borrowed N140.88bn ($448m) via short-dated Treasury bills at an auction on Wednesday, attracting lower yields across the board, except...
Naira Tumbles to 428 After MPC Decision
...Rate cut not enough to tackle recession – CBN
The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on...
CBN Says Banks Undermining Sales of FX to BDCs
The Central Bank of Nigeria (CBN) has acknowledged getting reports that banks undermine its policy to sell forex from international remittances to Bureau De...
CBN Retains Rates to Encourage Capital Inflows
The 252nd Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) has agreed to retain all three monetary policy indicators at...
Adeosun Urges CBN to Lower Interest Rates
As the Central Bank of Nigeria’s Monetary Policy Committee concludes its meeting in Abuja, the Minister of Finance, Mrs. Kemi Adeosun has urged the...
Naira May Hit 500 per Dollar – Obiano
The Anambra State Governor, Chief Willie Obiano, has said that the naira will continue to fall against the dollar till it reach N500 to...
CBN Urges States to Establish Industry Banks
The Central Bank of Nigeria has asked state governments that do not have industry banks to facilitate the establishment of such to speed up...
FG Borrows N183bn Via Short-dated TBs
The Federal Government borrowed N183.24bn via Treasury bills at an auction, with mixed yields on all the tenors, data from Debt Management Office showed.
The...
Investors Gain N22bn as Stock Market Trading Resumes Bullish
Investors gained N22.2billion at the stock market yesterday as the trading resumed on bullish note after two days holiday. The Nigerian Stock Exchange (NSE)...
T-Bills: CBN to Borrow N952bn in Three Months
The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to...
Recession: We’ll Employ Every Means to Recover – CBN
The Central Bank of Nigeria (CBN) has said that it would employ every indispensable means whether conventional or otherwise to ensure that the Nigerian...
Stock Market Grows by N282bn as Economy Recedes
The Nigerian Stock Exchange’s market capitalisation recorded a growth of N282bn at the close of trading on Thursday, one day into the country’s economic...
CBN Borrows N213bn Via Treasury Bills
The Central Bank of Nigeria borrowed N212.85bn ($654.92m) in an auction of Treasury bills on Wednesday, with yields little changed from previous sales, data...
