Tag: CBN
Naira at record closing low as dollar shortages linger
The naira was stuck at a record closing low of 292.90 to the dollar on Wednesday after just one transaction was carried out, with...
IMF hails Nigeria’s decision to end currency peg
The International Monetary Fund (IMF) said on Thursday it welcomed the decision by the Central Bank of Nigeria (CBN) to abandon its currency peg...
Finally, CBN abolishes official rate for embattled naira
The Central Bank of Nigeria (CBN) Wednesday announced that it will allow the naira exchange rate to be market-driven, setting the stage for a...
Naira falls to 367 as dollar scarcity hits black market
The naira was quoted at 367 on the black market on Wednesday, down 1.6 percent against the dollar as delays by the Central Bank...
Naira maintains value to dollar at parallel market
The naira on Tuesday traded at N350 to the dollar, maintaining its value since Friday.
It, however, weakened further against the pound sterling.
The naira exchanged...
CBN set to weaken the naira, warns of imminent recession
The Central Bank of Nigeria (CBN) on Tuesday abandoned its naira peg to the dollar in favour of a flexible currency regime, a policy...
We feel your pains, Lai Mohammed tells Nigerians
The Federal Government has said it is keenly aware of the difficulties that Nigerians are currently facing over the lingering fuel scarcity and poor...
Kogi governor denies receiving bailout fund
Kogi State Governor, Yahaya Bello, has distanced his administration from reports making the rounds that the state has secured a multi-billion bailout fund from...
Aisha Buhari threatens action against PDP over forex trading allegation
Wife of the President, Hajia Aisha Buhari, has advised those she accused of trying to malign her that they will be dealt with according...
PDP continues Twitter campaign against Garba Shehu despite litigation threat
The Peoples Democratic Party (PDP) Saturday ignored threat by Senior Special Assistant to the President on Media and Publicity, Garba Shehu, to sue the...