Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1   The naira yesterday experienced a U-turn on its gaining streak as it slightly depreciated at the parallel market to N1,680/$1. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) gained closing yesterday at N1,582.94 signifying an...

Operator to Tinubu: Ban Dollar Cash Transactions To Save Naira The Group Managing Director of CFL Group, Lai Omotola, has urged President Bola Tinubu to sign an executive order prohibiting dollar cash transactions to save the naira from further depreciation. Omotola noted that several economic policies...

CBN Sells Over $300m To Banks As Naira Gains The Central Bank of Nigeria (CBN)has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association of Corporate Treasurers of Nigeria made the disclosure in...

Forex Crisis: Olawepo Hashim Urges FG To Exclude Commerical Bankers From CBN   A former presidential candidate, Mr Gbenga Olawepo Hashim has listed criminal forces controlling the foreign exchange market in Nigeria. He explained that, until the federal government takes control of the market, the naira will...

Inflation: CBN Mops Up N1.51trn in 16 Weeks to Stabilise Economy The Central Bank of Nigeria (CBN) has issued a total of N1.5 trillion in Open Market Operation (OMO) bills since Olayemi Cardoso took the helm as governor in a bid to stem inflation and...

CBN Has Started To Take Control, by Shehu Bashir Esq   I am happy to observe that the Central Bank of Nigeria, CBN, has started to take control and do the needful to rein in the criminals and saboteurs and forex speculators. I am particularly happy...