Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

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FOREX: $1 Goes For N500

Efforts To Save The Naira Have Crumbled – IMF

Abuja & Lagos (New Telegraph) – The naira fell close to N500 against the dollar on the parallel market due to dollar shortages yesterday as Bureaux De Change (BDC) operators set their quotes for dollar purchases at N399/$ for next week, traders said . . .

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Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

Nigeria’s currency swap deal with China: Gains & pitfalls

China . Yuan currency

Some divided stakeholders in Nigeria say the policy may ease business and stifle local firms . . .

The Federal Government’s recent currency swap deal with China holds both bright prospects and grave implications for Nigeria even as the Naira inched up against the Dollar at the weekend at the parallel market . . .

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Nigeria’s currency swap deal with China: Gains & pitfalls

Dangote Group to sell Forex to CBN by 2020

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We’ll Start Selling Forex To CBN By 2020 – Dangote

President of Dangote Group, Aliko Dangote, has projected that his conglomerate whould be selling foreign exchange to the Central Bank of Nigeria (CBN) by year 2020 . . .

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Dangote Group to sell Forex to CBN by 2020

Human rights lawyer files suit to ban U.S. Dollar in Nigeria

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Femi Falana asks court to ban dollar as a legal tender in Nigeria

A Nigerian Human Rights lawyer, Mr. Femi Falana (SAN), filed a suit before the Federal High Court in Abuja on Wednesday, praying for an order restraining the Central Bank of Nigeria from allowing market forces to determine the exchange rate of the naira . . .

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Human rights lawyer files suit to ban U.S. Dollar in Nigeria

CBN currency mop up: Interbank rates rise over N770b fall in liquidity

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Interbank rates rise over N770b fall in liquidity

Contrary to expectations of continued robust monetary policy by the Central Bank of Nigeria (CBN), its multiple currency mop up last week pushed the interbank lending rates high . . .

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CBN currency mop up: Interbank rates rise over N770b fall in liquidity

Nigeria’s central bank to Issue ₦67.4B in T-bills

A board showing stocks displayed on the wall at the Nigerian Stock Exchange in Lagos
A board showing stocks displayed on the wall at the Nigerian Stock Exchange in Lagos, February 13, 2015. The naira has crashed through the key level of 200 to the dollar this week in a rout sparked by weak oil prices and escalating tension over the postponement of a presidential election in Africa’s biggest economy. REUTERS/Joe Penney (NIGERIA – Tags: BUSINESS) – RTR4PGM1

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Nigeria’s central bank to Issue ₦67.4B in T-bills