The Central Bank of Nigeria (CBN) said it would withdraw N500 billion from the banking system through the recent increase in the cash reserve requirement of...
The Central Bank of Nigeria (CBN) has today, November 25, announced the devaluation of the naira, with the new exchange officially at N168 to a dollar,...
President Jonathan has proposed to cut fuel subsidies in half in a bid to reduce spending after a retreat in global crude prices. According to David...
The declining fortunes of the Naira continued, yesterday, as it suffered another182 kobo depreciation at the foreign exchange auction conducted by the Central Bank of Nigeria,...
The fortunes of the national currency, the Naira took a sharp turn downwards yesterday as it fell by 270 kobo, with the parallel market exchange rate...
The Federal Government, yesterday, introduced some austerity measures and scaled down the crude oil bench mark for the 2015 budget. In a bid to insulate the...
GOOD MOVE FROM CBN: The naira recorded its single day appreciation of 430 kobo in the interbank market on Friday following the adoption of a new strategy...
Determine to stem the continued decline in the nation’s external reserves, the Central Bank of Nigeria, CBN, yesterday excluded importation of generators and some items from...
