Oil Declines To $28, Dollar Exchanges For N369
The price of Brent crude oil, the international benchmark, extended its decline on Tuesday, trading around $28 per barrel.
Brent, against which Nigeria’s crude is priced, fell by $1.40 to $28.65 per barrel as of 8:15 pm Nigerian...
Exchange Rate Policy May Trigger Forex Inflation, Hoarding — Experts
The introduction of the longer-term contract on the naira in a move to attract more foreign inflows, shore up dwindling dollar reserves and stave off currency devaluation, by the Central Bank of Nigeria, may lead...
N305/$ Exchange Rate Has Stabilised Naira - ABCON
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Sunday defended the Central Bank of Nigeria’s (CBN’s) N305 to dollar exchange rate policy.
It said the decision has helped in stabilising the naira.
ABCON President Aminu Gwadabe...
Exchange Rate: ABCON Seeks N250 To $1
The Association of Bureaux de Change Operators of Nigeria has urged President Muhammadu Buhari to work towards an exchange rate of N250 to a United States dollar in his second term in office.
The President, ABCON, Alhaji Aminu Gwadabe,...
Despite CBN Injections Naira Weakens To 364/dollar
The naira weakened to 364 per United States dollar at the parallel market on Monday, despite the injection of $210m into the interbank foreign exchange market by the Central Bank of Nigeria.
This latest injection came barely two trading...
FOLLOWING the introduction of a new fuel price regime by the Federal Government, experts have pushed for an upward review of the official exchange rates from the current N197 to N275-N285 to a dollar, as Monetary Policy Committee(MPC) of the Central Bank of Nigeria(CBN)...
