Tag: Naira
Facing Naira meltdown, CBN relaxes draconian restrictions on domiciliary forex accounts
By Francis Ogwo
The Central Bank of Nigeria (CBN) has announced that beneficiaries of diaspora remittances through the International Monetary Transfer Operators (IMTO) can henceforth...
CBN sells 1.45bn yuan in two years in currency swap deal...
By Francis Ogwo
About 1.45 billion yuan has been sold by the Central Bank of Nigeria since it commenced the currency swap deal with China...
Naira dips to 425 to USD amidst debt spike, forex speculations
Francis Ogwo
The rate of the dollar to the naira recorded N452 at the parallel market on Wednesday over speculations by operators in the market...
Naira gains as CBN plans N90.94bn roll over of treasury bills
By Francis Ogwo
The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s currency (the naira) has gained N0.25k against the dollar as it plans...