Naira weakens despite CBNs moves
Despite the moves by the Central Bank of Nigeria to improve dollar liquidity, the naira weakened against the dollar at the parallel market on Wednesday to about 398 naira to the dollar.
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.
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.