Port users worry over increased porty duty, cost of doing business
The Central Bank of Nigeria's recent increase in exchange rate for the clearance of imported items from 361 to 381 naira to a dollar is causing ripples in the ports.…
Nigeria investors cautious ahead of next week’s bonds PMA
The Central Bank of Nigeria conducted OMO auctions every day this week. Olawale Hamed, Currency Trader at UBA joins CNBC Africa to review activities in Nigeria’s fixed income and forex market this…
CBN to sell dollars to fuel importers, airlines
The Central Bank of Nigeria plans to offer dollar forwards to be delivered within two months, in a bid to offset the backlog of matured forex obligations to fuel importers, manufacturers and…
How will Nigeria’s forex policy affect investment?
The Central Bank of Nigeria has pledged to defend its current foreign exchange policy and the apex bank pumped a fresh 240 million dollars in the forex market on Monday.…