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IMF-induced policies will repress Nigeria’s currency, Labour warns
Submitting to the International Monetary Fund, IMF-induced policies would further distort and repress Nigeria’s currency, organised labour has warned....
Naira
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BREAKING: Naira depreciates at forwards market, now N570 to $1
Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% to from N413.36 to close at N569.69 a pri...
Naira at N378 to aD ollar as CBN rolls over N47.6bn NTB
The Nigerian currency on Tuesday strengthened slightly against the US dollar across foreign exchange markets. At the Bureau De Change (BDC) segment an...
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Nigeria’s Central Bank to stop pollution by recycling tonnes of bad Naira notes
The Central Bank of Nigeria (CBN) has revealed plans to start recycling about 100 tons of paper banknote wastes generated weekly across the country. T...
Nigeria can fight poverty if Forex potential is explored – Forex Expert, Maxwell Odum
Nigeria can reduce its level of unemployment and fight poverty if the potential in the foreign exchange (fx) market is fully explored, FX expert has s...
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Nigeria’s Central Bank finally “floats” the Naira
The Central Bank of Nigeria (CBN) has declared that Nigeria currency (Naira) exchange rate is now floated, which implies that the Naira exchange rate ...
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Nigerian debt office expects approval of 1.649 trillion Naira in borrowing
Nigeria’s debt office said on Thursday it expects the government to approve total borrowing of 1.649 trillion naira ($5.39 billion) in 2019. Half the ...
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As Nigeria struggles with N30,000, South Africa increases minimum wage to R4861.2 (N126,480)
South Africa has increased its minimum wage to N126,480 per month. The news is coming at a time Nigerian workers are uncertain their struggle for a N3...
Muslim rights group urges CBN to enforce ban on sale of new Naira notes
Prof. Ishaq Akintola, the Director of Muslim Rights Concern (MURIC), an NGO, has urged the Central Bank of Nigeria (CBN) to enforce the ban on sale of...
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US express concerns over currency swaps between Africa, China
The U.S. is concerned that increased currency swap agreements between China and African nations will reduce visibility into financial transactions and...