Naira Now N413/$ At Forward Market   The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of coronavirus. The naira was priced much weaker at N413.55 to the dollar in a year, compared with the N399.73 it...

Analysts Forecast Naira Devaluation To N400/$   The naira has been tipped to depreciate by between 10 and 20 per cent next year as the impact of falling crude oil prices and foreign exchange reserves persist. Local and foreign analysts predicted that a decline by 10 per...

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...

$60bn Forex Cash Kept Naira Stable For 29 Months - Emefiele   The $60bn inflow from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has been identified by Central Bank of Nigeria (CBN) Governor Godwin Emefiele as one of the policies that sustained the stability...

In Two Years, CBN Spent N113.56bn To Print Naira   The Central Bank of Nigeria (CBN) spent N113.56 billion to print naira in two years, a report has said. The report from the Currency Operations Department of the CBN said the regulator spent N64.04 billion on printing...

CBN Defends Naira With $8.28bn Forex Sales   THE Central Bank of Nigeria (CBN) defended the naira with $8.28bn through its direct intervention within the first six months of this year, according to its half year report. The amount was given to different segments of the inter-bank...