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Currency Watch

Currency outside banks rises to N2.2trn
by Hope Moses-Ashike

Currency outside the banking system grew in the fourth quarter...

Further rates convergence expected in forex market
by HOPE MOSES-ASHIKE

Currency dealers, analysts and other stakeholders in the financial services...

Nigeria to sell 140 bln naira bonds on June 21 – debt office
by Reuters

Nigeria plans to auction 140 billion naira ($460 million) in...

Naira to strengthen further as CBN injects $413.5m into forex market
by HOPE MOSES-ASHIKE

The naira is expected to firm further against foreign currencies...

BDCs want CBN to review dollar-buying rate to sustain naira gains
by Hope Moses-Ashike

Association of Bureaux De Change Operators of Nigeria (ABCON) has...

CBN to sanction OFIs for non-compliance with credit bureaux
by HOPE MOSES-ASHIKE & GIFT DIKE

Henceforth, the Central Bank of Nigeria (CBN) will begin to...

Exchange rate converges at BDC, black market after CBN liberalise interbank
by HOPE MOSES-ASHIKE

Foreign exchange rate between the Bureau De Change (BDC) and...

Naira to maintain gains this week
by HOPE MOSES-ASHIKE

The naira, which strengthened to between N376 and N370 per...

Rates converge as CBN injects more dollar
by Hope Moses-Ashike

In spite of the naira’s strong showing in the foreign...

Naira firms to N370/$ at black market
by HOPE MOSES-ASHIKE

The naira yesterday firmed to a record high of N370...

Naira weakens across forex markets after holiday
by HOPE MOSES-ASHIKE

The financial markets resumed on Tuesday after the holiday marking...

Naira expected to remain stable on the back of CBN interventions
by STEPHEN ONYEKWELU

The naira is expected remain largely stable this week, across...