External Reserves Near $34bn, Gain $500m In One Week       Nigeria’s external reserves rose by $500m in one week to the highest point in more than two months, according to the latest data from the Central Bank of Nigeria. The reserves, which have been wobbling in recent...

Naira Continues Further Decline       The naira depreciated against the dollar across the official and parallel markets yesterday with many pundits predicting further decline of the national currency. At the official Investors and Exporters (I & E) Window, naira declined by 2.0 per cent to N393.25 per...

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...