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Why the Naira depreciated by 23% last week – Opinion Nigeria

Confirming this development, Umoru Ahmed, a currency dealer based in Lagos Island said: “The naira was traded at N1,500 this morning of which I bought. There is no inflow of dollars like before and not all the BDCs have access to dollars especially if they registered late.

Lagos-island , Lagos , Nigeria , Abuja , Abuja-federal-capital-territory , Kano , Ikeja , Nigerians , Nnamdi-nwizu , Isa-yahaya , Aminu-gwadabe , Umoru-ahmed

Nigeria: Why Naira Depreciated By 23% in 4 Days - Currency Dealers, Analysts

Nigeria: Why Naira Depreciated By 23% in 4 Days - Currency Dealers, Analysts
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Kano , Nigeria , Lagos-island , Lagos , Ikeja , Abuja , Abuja-federal-capital-territory , Nigerians , Umoru-ahmed , Nnamdi-nwizu , Isa-yahaya , Aminu-gwadabe

Reasons for Nairas appreciation against the dollar – Opinion Nigeria

Nnamdi Nwizu, co-founder of Comercio Partners Limited, an investment bank, has stated that the naira's consistent gain is due to the policies of the apex bank, which is managed by Dr. Olayemi Cardoso.

Nigeria , Nnamdi-nwizu , Olayemi-cardoso , Bureau-de-change , Central-bank , Comercio-partners , Bureaux-de-change , Comercio-partners-limited , Foreign-portfolio-investment , Dollar , Naira , Nigerians

Recapitalisation: Banks sweat over exclusion of N3.8trn retained profit

Recapitalisation: Banks sweat over exclusion of N3.8trn retained profit
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Nigeria , Nnamdi-nwizu , Tajudeen-olayinka , Ronke-akinyemi , Andrew-uviase , Clifford-egbomeade , Peter-egwuatu-nkiru-nnorom , Babajide-komolafe , Olatunde-amolegbe , Access-corporation , Fidelity-bank , Central-bank

CBN jerks up benchmark interest rate to 22. 75 %

CBN jerks up benchmark interest rate to 22. 75 %
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Abuja , Abuja-federal-capital-territory , Nigeria , Nigerians , Nigerian , Peter-egwuatu-nkiru-nnorom , David-adonri , Tunde-abioye , Emma-ujah , Olayemi-cardoso , Uche-uwaleke , Babajide-komolafe

Analysts: Aggressive rate hike to moderate inflation

Analysts: Aggressive rate hike to moderate inflation
cnbcafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbcafrica.com Daily Mail and Mail on Sunday newspapers.

Nigeria , Nnamdi-nwizu , Monetary-policy-committee-of-the-central-bank , Monetary-policy-committee , Central-bank , Bismarck-rewane , Financial-derivative , Co-managing-partner , Comercio-partners ,

Uncertainty rules currency markets as external reserves rise

Uncertainty rules currency markets as external reserves rise
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Nigeria , Nigerians , Nigerian , Sylvester-anaba , Nnamdi-nwizu , Ibukun-omoyeni , Babajide-komolafe , Elizabeth-adegbesan , Nigerian-autonomous-foreign-exchange-market , Foreign-exchange , Vetiva-capital-management , United-capital-plc

External reserves rise, uncertainty rules currency markets – Opinion Nigeria

Highlighting the fundamental issues, he said: “The Naira is on a continuous fall due to the following: Limited Supply of Dollar: Nigeria’s major source of Foreign Exchange (FX) is crude oil exports. Nevertheless, crude oil production has fallen short of OPEC’s quota due to several challenges, resulting in a reduction in FX earnings.

Nigeria , Nigerians , Nigerian , Nnamdi-nwizu , Ibukun-omoyeni , Sylvester-anaba , Central-bank , Nigerian-foreign-exchange-market , Nigerian-autonomous-foreign-exchange-market , Foreign-exchange , Nigeria-foreign-exchange-market , Comercio-partners

Non-Oil export falls 24% to $4.46bn — CBN data

Non-Oil export falls 24% to $4.46bn — CBN data
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Nigeria , Tinubu , Lagos , Nigerian , Marcel-okeke , Babajide-komolafe , Nnamdi-nwizu , While-the-central-bank , Comercio-partners , Economist-of-zenith-international-bank-plc , Non-oil , Central-bank

NLC, NECA, LP, others fire NASS for raising 2024 budget by N1.2trn

NLC, NECA, LP, others fire NASS for raising 2024 budget by N1.2trn
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

Lagos , Nigeria , Buhari , Kano , Wyoming , United-states , Nigerians , Tajudeen-olayinka , Johnbosco-agbakwuru , Udeme-akpan , Olasunkanmi-akoni , Olatunde-amolegbe