Nigeria central bank intervenes to avert fuel scarcity
Nigeria’s central bank on Monday asked commercial banks to submit a backlog of dollar demand for fuel importers for a special intervention. Traders say the government is seeking to prevent the scarcity of petrol.
2016: Challenging year for Nigeria's manufacturers
Persistently high interest rates, acute forex shortage and an increasingly difficult operating environment have further squeezed margins and led to mass job losses across the country.
Impact of Nigeria's naira devaluation on Q2 earnings
As the second quarter earnings season winds down, a big takeaway has been the impact of the devaluation of the naira on corporate Nigeria.
Is a Trump presidency good for emerging markets?
Ray Attrill, co-head of global FX strategy at National Australia Bank, discusses the U.S. election and what a Donald Trump presidency could mean for emerging markets.
Tough times for Nigerian banks, but no collapse
It's a tough time for banks in Nigeria. Ahead of the November Monetary Policy Committee meeting, Ejikeme Okoli, Research & Market Intelligence Officer joins CNBC Africa discuss how the MPC can help the banks.
Nigeria's T-bills down 11%
Nigeria's overnight interbank rates were down on Friday to 11 per cent after the Central Bank of Nigeria repaid matured treasury bills and cash meant for capital projects.
Naira sustains gain on parallel market
Earlier this week, the Central Bank of Nigeria reviewed the exchange rate for remittances from N350 to N370 against the dollar.
Naira woes continue in forex market
The naira appreciated against the dollar in the parallel market over the weekend and begun the first day of the fourth quarter slightly higher at 476 to the greenback.