Tag: dollar to naira

Naira gains five points against the dollar

inno.korie- April 20, 2017

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”

Arowobusoye Samuel- December 4, 2016

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

Henry Solomon- August 24, 2016

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

Arowobusoye Samuel- August 10, 2016

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

Arowobusoye Samuel- June 18, 2016

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

Arowobusoye Samuel- June 15, 2016

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

Henry Solomon- April 16, 2016

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