Tag: dollar to naira
Naira gains five points against the dollar
The Naira on Thursday strengthened against the dollar in all the major segments of the market, the News Agency of Nigeria (NAN) reports. At the ... Read More
Central Bank: ”It is not true that CBN allocates dollars”
CBN Headquarters The Central Bank of Nigeria (CBN) has denied reports from some quarters that it allocates dollars unilaterally. A statement by Mr Isaac Okoroafor, ... Read More
CBN To Banks: Allocate 60% Of Your FX To Manufacturers
The Central Bank of Nigeria has asked commercial banks to allocate 60 percent of their foreign exchange purchases to manufacturers, in a bid to boost their ability ... Read More
Nigeria economy loses First Place in Africa to South Africa, Temporarily
Roro Port, Nigerian Port Authority (Photo: Sun News) According to Reports from Bloomberg and IMF today, South Africa’s economy has regained the position of Africa’s ... Read More
FEATURED: The Common Man’s Guide To The New CBN Forex Policy, As Explained By A Local Butcher
Last week the CBN through its Governor, Godwin Emefiele, released new guidelines for exchange rate policy for Nigeria. We saw words like "float", "market-driven", "More ... Read More
CBN Introduces More Flexibility in Nigeria’s Exchange-rate Policy
Headquarter, Central Bank of Nigeria, Abuja, Nigeria. Governor of the Central Bank of Nigeria, Godwin Emefiele, at an address titled "Framework for Re-introduction of Managed ... Read More
Naira/Chinese Yuan Swap Will Boost Economy – Bureau De Change
Alhaji Ibrahim Yelwa, a bureau de change operator in Sokoto, says the recent currency swap agreement between Nigeria and China will boost bilateral trade between ... Read More