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Banks get three-month deadline to stop forex-backed loans

The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with a new circular mandating Deposit Money Banks to stop the use of foreign currencies as collateral for naira loans within 90 days. ....

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Amid lingering headwinds, CBN plots new path to stability

Amid lingering headwinds, CBN plots new path to stability
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Uncertainty lingers over future of naira

Uncertainty lingers over future of naira
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Naira Depreciates Further To N1,235/$1 In Parallel Market

The Naira suffered further depreciation to a record low of N1,235 per dollar yesterday, following strong demand on the parallel market, also known as black ....

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Economists outline ways to boost dollar supply amid naira freefall

Economists outline ways to boost dollar supply amid naira freefall
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