$6bn Inflows Driven by Hot Money, Not FDI – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that Nigeria’s $6 billion capital importation recorded in the ...
Tag: FX
BDC Operators Can Now Buy FX from NFEM at Market Rate — CBN
The Central Bank of Nigeria (CBN) has approved access for licensed bureau de change (BDC) operators to purchase foreign exchange ...
Naira at ₦1,396.99/$1 After One-Year Wait
Nigeria’s naira has crossed a key psychological threshold, trading below N1,400 to the dollar on the official foreign exchange market ...
Naira Hits Two-Year High at N1,400/$ as FX Reforms Boost Confidence
The naira strengthened to a two-year high of about N1,400 to the dollar at the official foreign exchange market on ...
Naira Strengthens Despite Sharp Drop in Dollar Inflows
Nigeria's currency, the naira, has shown surprising resilience this week, appreciating against the US dollar even as foreign exchange inflows ...
Nigeria’s Inflation Eases to 18.02% as Food, Energy Prices and FX Pressures Cool
The Consumer Price Index (CPI) eased to 18.02 per cent in September, down from 20.12 per cent in August, the National Bureau ...
Global Gold Surge to $4,000 Puts Naira Reserves on Defence
The international price of gold shattered the $4,000 per ounce barrier on Wednesday for the first time in history, as ...
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