CBN-Aboki FX Saga: Currency Play and Lessons from Billions TV Show, by Abdulhaleem Ishaq Ringim     While explaining the reason behind the Central Bank of Nigeria’s clampdown on the parallel market exchange rate aggregation and publication website, AbokiFx, the CBN Governor submitted that the CBN’s preliminary...

Naira Declines Amidst CBN’s Assurance Of Increase In Forex Supply           The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the legitimate needs of Nigerians. The naira had maintained a downward trend, falling...

AbokiFX: BDCs Halt Exchange Rate Publication, Naira Slides Further             The naira defied all interventions and continued sliding against other currencies, exchanging 580 to the dollar at the parallel market on Monday. The rate was N570/$ on Friday. In another development, the official website of the Central...

Naira Appreciates To N385.50/$1     The naira appreciated to N385.50 at the Investors and Exporters (I&E) window on Monday, June 1, 2020, as the Central Bank of Nigeria’s intervention in the foreign exchange market intensifies. The demand pressure on the foreign exchange market by currency speculators...