Economy
Nigeria tests waters for possible broad naira devaluation-Reuters
Nigeria effectively devalued the naira for private individuals on Monday, paving the way for a possible broader move despite stiff...
Read moreDetailsCBN moves to shore up naira value, close widening rate gap
The Central Bank of Nigeria (CBN) is moving quickly to revive the moribund interbank foreign exchange (FX) market as well...
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Nigeria Central Bank announces new foreign exchange policy
The Central Bank of Nigeria, CBN, has released a new foreign exchange policy in the country with immediate effect. The...
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Naira hits new black market low as traders digest CBN action
The naira hit a fresh low of 520 on the black market on Monday, as retail currency traders tried to...
Read moreDetailsCBN to sell FX weekly to retail users at 375 naira
CBN plans to sell $1 million weekly to each of the country's 21 commercial lenders at a rate of 375...
Read moreDetailsNigeria’s president meets head of senate as sick leave continues
Nigeria's President Muhammadu Buhari met the country's senate head in London on Sunday evening, the presidency's official Twitter account...
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Nigeria to boost FX sales to retail users to help narrow black market rates
Nigeria's central bank plans to boost dollar sales for school fee payment and travel abroad so as to reduce the...
Read moreDetailsTwo children die in Borno IDP camp fire
Two children have died in a fire that razed a part of the Internally Displaced Persons Camp in Jere local...
Read moreDetailsPresidency, CBN work out strategy to stock up grains in 2017
Nigeria’s presidency is working out a special arrangement with the Central Bank of Nigeria to stock up grains for the 2017...
Read moreDetailsFG to plough back $250million into Sovereign Wealth Fund
Nigeria’s government on Thursday said it will reinvest $250million into the Sovereign Wealth Fund upping its capital to allow for more investment....
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