Economy Official FX Rate to Hit N800/$1 Soon—EIU July 31, 2023 Adedapo Adesanya By Adedapo Adesanya The Economic Intelligence Unit (EIU) has predicted that the Central Bank of Nigeria (CBN) will revert to heavier management of the Read More
Economy Official Exchange Rate Now N464.42/$1 As Customers Bid As High As N632/$1 May 24, 2023 Adedapo Adesanya By Adedapo Adesanya The Naira depreciated against the US Dollar in the Investors and Exporters (I&E) window of the foreign exchange market on Tuesday, Read More
Economy Gap Between NAFEX, Parallel Market Rates Will Worsen FX Scarcity October 7, 2022 Aduragbemi Omiyale By Aduragbemi Omiyale The current foreign exchange (FX) scarcity will worsen if the Central Bank of Nigeria (CBN) does nothing about the wide gap Read More
Economy CBN Devalues Naira, Adopts I&E as Official Exchange Rate May 26, 2021 Dipo Olowookere By Dipo Olowookere The Central Bank of Nigeria (CBN) has again devalued the Naira as the country moves towards the long-awaited single exchange rate Read More