Tag: Forex
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Naira touches record lows on spot and forwards market
The naira closed at another record low against the dollar Thursday at both spot and forwards markets as the currency’s volatility continues after the...
Naira: CBN says more action coming in “weeks”
The Central Bank of Nigeria (CBN) plans to announce further measures to loosen foreign exchange controls "in the next couple of weeks," Deputy Governor...
Black market struggles after Naira’s big drop on official market
The naira fell 36% on Wednesday, the most in seven years, after the Central Bank of Nigeria removed controls and allowed the currency to...
Naira drops to six-month low at parallel market
The naira fell to N780 a dollar at the parallel market on Friday, trading at its lowest rate in at least nearly seven months.
The...
Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance payments to people travelling outside the country.
First Bank, Access Bank...