Business
CBN Retains Lending Rate At 27.5%
The Central Bank of Nigeria (CBN) has retained its key lending rate, known as the Monetary Policy Rate (MPR), at 27.5 per cent. The CBN […]
Currency
Business
Naira Falls To N1,415/$ At Parallel Market
The naira has hit a record low at the parallel section of the foreign exchange market. The local currency traded at N1,415 on Thursday — […]
Across the world
Omar Touray: Debt, Currency Depreciation, Inflation Hampering ECOWAS’ Economies
The President of the ECOWAS Commission, Omar Touray, has said debt, currency depreciation, inflation and other indices have slowed down the economies of countries in […]
Business
Naira Now N1,120/$ At Parallel Market
The naira has commenced a downward spiral, falling to N1,120 per dollar at the parallel market on Tuesday. The figure represents a N95 or 9.27 […]
Business
24 Countries Now Ready To Accept BRICS Currency
A total of 24 countries are interested in accepting and trading with BRICS currency when it launches on the International stage. The group of developing […]
Across the world
BRICS Global Currency Could Dislodge Dollar, Render US Sanctions Impotent- Ex-White House Economist
A former White House economic advisor says a coming BRICS-issued currency has the potential to topple the US dollar’s dominance in international trade. In a […]
Business
24 Nations Align Against US Dollar As BRICS Looks to Launch New Global Currency
A total of 24 nations are now looking to build a strategic alliance that will challenge the US dollar’s decades-long role as the world’s reserve […]
Business
Ghana’s Cedi Now World’s Worst-Performing Currency Against US Dollar
The Ghanaian cedi has become the worst performing currency in the world after it lost 45.1 percent of its value to the US dollar this […]
Business
CBN Directs Switches To Stop Processing Local Currency Transfers Into Dom Accounts
The Central Bank of Nigeria (CBN) has directed switches and processors to immediately cease all local currency transfers in respect to foreign remittances through International […]
Uncategorized
Naira Devaluation Bets Surge As Buhari Extends U.K. Sick Leave
Traders increased bets that Nigeria will allow the naira to weaken after the central bank eased some capital controls and President Muhammadu Buhari, who opposes […]