Tag archive for ‘Naira’
By metro On Tuesday, December 20th, 2016

CBN seeking end to spread between naira rate and black market -Emefiele

Emefiele Central bank will try to eliminate the spread between the official and black market exchange rate against the dollar, the finance minister said on Tuesday. The naira is trading on the parallel market some More...

By metro On Thursday, December 15th, 2016

Naira seen broadly stable, Ghana’s cedi to firm

Nigeria’s naira and some other African currencies are expected to stay broadly stable over the coming week as the tempo of business slows ahead of Christmas festivities but Ghana’s cedi could strengthen, More...

By metro On Friday, December 9th, 2016

Overnight lending rate falls sharply on naira injection

Overnight lending rate dropped sharply to an average of 3.9 percent on Friday from 10 percent a week ago following an injection of naira liquidity into the banking system. A total of 454 billion naira ($1.49 billion) More...

By metro On Thursday, December 8th, 2016

Naira seen steady from diaspora dollar inflows

Naira is likely to tread water next week on dollar inflows from Nigerians visiting home during the holidays against waning demand, while the Kenyan shilling could weaken as the flow of greenbacks dries up.  NIGERIA The More...