Forex

Economy

Naira tumbles to N900 after brief recovery

Jane Kalu -
The naira is on a downward spiral again after government’s intervention handed the currency...
Economy

Naira’s rapid fall prompts CBN intervention

Plu Team -
The Central Bank of Nigeria is intervening to prevent the naira from falling more...
Banks

Customers rush as banks buy dollars online at rates better than black market

Jane Kalu -
Bank customers went into a frenzy on Tuesday after learning some banks had set...
Markets & Investing

Forex reform prompts delay in stripping Nigeria of ‘frontier market’ status

Plu Team -
MSCI, the global equity index provider, says it will defer its plan to remove...
Economy

Naira touches record lows on spot and forwards market

Plu Team -
The naira closed at another record low against the dollar Thursday at both spot...
Economy

Naira: CBN says more action coming in “weeks”

Plu Team -
The Central Bank of Nigeria (CBN) plans to announce further measures to loosen foreign...
Economy

Black market struggles after Naira’s big drop on official market

Plu Team -
The naira fell 36% on Wednesday, the most in seven years, after the Central...
Economy

Naira drops to six-month low at parallel market

Plu Team -
The naira fell to N780 a dollar at the parallel market on Friday, trading...
Markets & Investing

Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low

Eric Ojo -
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance...
Markets & Investing

Nigerian banks cut forex payments to foreign travellers

Plu Team -
Major Nigerian banks announced new amounts they will be paying as personal travel allowance...
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