Forex
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Business
CBN removes cap on interbank foreign exchange transactions
The Central Bank of Nigeria (CBN) has announced the discontinuation of any cap on the spread on interbank foreign exchange…
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Business
Naira depreciates to N1,455/$ in parallel market
The naira depreciated yesterday to N1,455 per dollar in the parallel market from N1,440 per dollar last Friday. However, the…
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Business
Forex: CBN releases $500m to clear verified liabilities
The Central Bank of Nigeria (CBN) says it has released 500 million dollars to various sectors in its determination to…
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Business
Naira plunges to 1300/$ at parallel market
The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer…
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News
FG plans new FX rules by end of 2023
…sees a “fair price” for the dollar at ‘N650 to N750’ The Chair of the Presidential Committee on Fiscal Policy…
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News
Forex, Jet A1: Local airline operators seek special funding
The Airline Operators of Nigeria (AON) has urged the Federal Government to provide a window of “special funding” for operators of…
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Business
Nigeria’s forex market needs restructuring, Tinubu’s aide says
The Special Adviser to the President on Economic Affairs, Dr Tope Fasua, has called for a structural reform of Nigeria’s…
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Business
FG secures $3bn loan to tackle forex crisis
The Nigerian National Petroleum Company Limited, on Wednesday, announced that it had secured a $3bn emergency crude oil repayment loan…
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Business
CBN moves to check deteriorating value of naira
The Central Bank of Nigeria (CBN) is planning new measures to check the deteriorating value of naira in the foreign…
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Opinion
On naira’s tumbling, by Reno Omokri
Yes, the Naira has tumbled to an all-time low of ₦950 to $1, and we are all rushing to the…
