Tag: Forex
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As naira gains, Nigerians promptly ask: When will prices drop?
A surge in the value of the naira has sparked a wave of optimism and a pointed question from Nigerian consumers: when will this...
CBN’s big rate hike hasn’t helped the naira just yet. Here’s why
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...
Street-trading of dollars banned as CBN resumes sales to BDCs
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it decision to end sales in 2021 to combat graft and...
Dollar: Former statistician-general Yale faults CBN’s demand control moves
Former Nigerian statistician-general Yemi Kale has faulted the Central Bank of Nigeria's (CBN) approach to stabilizing the naira by moderating dollar demand.
Mr Kale said...
Punch pulls report on CBN converting dollars in domiciliary accounts to naira
Nigerian newspaper Punch has pulled down a report it published on Saturday, suggesting the Central Bank of Nigeria (CBN) planned to convert $30 billion...