CBN Rebukes Those Using Parallel Market To Push For Naira Devaluation       Those using parallel market rates to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN Governor, Mr. Godwin Emefiele gave this indication at the end...

MPC: Experts Expect No Rise In Interest Rate         Financial experts have said they expect the lending rate to either be retained or reduced at the end of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday. The members of the...

Naira In Mixed Fortunes As External Reserves Drop To 5mths Low       Despite the renewed pressures on the external sector, Naira has appreciated in the Investors & Exporters (I&E) window of the currency market. But this came at the backdrop of a decline in external reserves just...

Nigerians Expect Weaker Economy If Inflation Rises Faster — CBN         The Central Bank of Nigeria has said more than 60 per cent of Nigerian households it surveyed in September believed that the nation’s economy would end up weaker if inflation started to rise faster. The CBN,...

Naira Weakens Further As Dollar Sells For 478       The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478. The local currency, which traded at N475 per dollar on Tuesday, has come under pressure in recent days....

Manufacturing Sector Recovers After Six-month Contraction         The nation’s manufacturing sector has snapped out of the doldrums after contracting for six straight months, a new survey by the Central Bank of Nigeria has shown. The CBN, in its latest Purchasing Managers’ Index Survey Report, said the manufacturing...