naira-dollar crisis

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    Business Naira: Why We Have Multiply Exchange Rates - CBN

    The Central Bank of Nigeria, CBN, has explained why it was necessary for the apex bank to create several exchange rates in the forex market. CBN spokesperson, Isaac Okarafor, told Reuters that the multiple exchange rates are the only way forex liquidity could be maintained while simultaneously...
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    Business Naira-Dollar Crisis: 7 Different Exchange Rates In Nigeria

    In a bid to sustain the tempo of foreign exchange (FX) supply to the interbank FX market and ensure improved dollar liquidity, the Central Bank of Nigeria (CBN) has been intervening at the substantially on the markets. The Central Bank of Nigeria, CBN, had in February 2017, released a new...
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    Metro TB Joshua Speaks On Buhari's Health, Naira To Hit 650/US1$

    Prophet T.B. Joshua in a new prophecies to his congregation at The Synagogue Church Of All Nations (SCOAN) called for prayer for President Muhammadu Buhari’s health. Prophet Joshua on Sunday said: “I have some burning issues which I want to share with you,” Joshua began before breaking his...
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    Business CBN's MPC Meets To Discuss Inflation, Exchange Rate

    The Central Bank of Nigeria’s Monetary Policy Committee is meeting (Monday) and Tuesday to review developments in the economy and probably set a new direction for growth for its first monetary meeting in 2017. The 11 members of the MPC meet once in two months to evaluate the economy and make...
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