Diversion of diaspora remittances to parallel market weakens naira, says CBN
The Central Bank of Nigeria (CBN) has attributed the free fall of…
Fear grips currency speculators as CBN pump additional $100m into market
The Central Bank of Nigeria (CBN) on Thursday, offered the sum of…
Again, CBN offers $367m for forex forwards
The Central Bank of Nigeria, CBN, on Monday said it carried out…
Expert tasks govt to grow reserves to $32bn to close gap in official, parallel markets
A financial expert, Dr Uche Uwaleke, said the country needed to grow…
Naira strengthens by 0.4% against dollar at parallel market
The naira on Wednesday strengthened against the dollar as currency speculators feared…
Naira strengthens against dollar at parallel market
The naira on Friday strengthened against the dollar after weeks of free…
Naira crashes further as dollar hits N249 at parallel market
The Naira on Wednesday continued to depreciate at the parallel market as…