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.…
FSDH: Govt should sell investment opportunities to Nigerians in the diaspora
FSDH Merchant Bank says the Central Bank of Nigeria should continue to restrict access to foreign exchange for the importation of items that can be locally produced produce and should work at…
Impact of exchange rate convergence on Nigeria’s economy
As the Central Bank of Nigeria continues to work towards a convergence of rates in the forex space, what impact will an exchange rate convergence have on Nigeria's economy?…
Nigerian economy projected to expand in 2017
According to BMI Research's recent report titled, outlook for Nigeria's economy, improved oil production, higher oil prices, and greater exchange rate flexibility will all contribute to a return to positive real GDP…
Nigerian students in UK lament unstable exchange rates
CBN Forex Policy - Nigerian students in UK lament unstable exchange rates.…
CBN to meet bureau de change operators on forex stability
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.…
Profit taking drags down Nigeria bourse
Nigerian equities market was broadly bearish; as profit taking by investors dragged the All Share Index 0.3 per cent down to settle at 25, 671.23 points.…
Nigeria to conclude sale of $1bn Eurobond by Q1 of 2017
Nigeria's vice-president Yemi Osinbajo says the country hopes to conclude the sale of a $1 billion Eurobond by the first quarter of 2017 and make its exchange rate more flexible.…
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.…
Nigeria’s major banks have enough forex liquidity to cover 18 months
Moody's investor’s service says Nigeria's five biggest banks have sufficient foreign currency liquidity to cover 18 months of maturing foreign currency debt obligations.…
Profit taking pushes Nigeria’s equities to marginal decline
The Nigerian All Share Index closed down in yesterday's session. The negative performance was broadly driven by profit taking as expectations of the Central Bank's announcement on a flexible exchange rate policy…