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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 ...
Naira
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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...
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Naira appreciates against dollar at investors’ window
The Naira on Tuesday appreciated to N363.07 against the dollar at the investors’ window, stronger than N363.11 posted on Monday. The Nigerian currency...
Naira weakens marginally against dollar at parallel market
The Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in Lagos, the News Agency of N...
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Central Bank of Nigeria’s Yuan auction estimated at N3.6 billion
The Central Bank of Nigeria (CBN) has estimated its first auction of the Chinese Yuan Renminbi (CNY) at N3.6 billion, an exchange rate between N49 and...
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Naira stable as Nigeria’s @CenBank injects $210m into forex market
The Central Bank of Nigeria (CBN) on Tuesday injected $210million into various segments of the foreign exchange market. This is just as the naira main...
Forex: Godwin Emefiele signals @CenBank to begin Yuan-Naira swap implementation
The Central Bank of Nigeria (CBN) yesterday began the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the Bilateral Curr...