Money Market

Naira Dollar

Naira hits 418/dollar as forex scarcity lingers

August 31, 2016/Punch Oyetunji Abioye The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official… Read more »


CBN Licenses 11 New International Money Transfer Operators

August 30, 2016/CBN In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of… Read more »


Nigeria FX market trades $327 mln as offshore funds buy bonds

August 29, 2016/Reuters Nigeria’s currency market registered $327 million worth of trades on Monday, about six times more than its usual volume, the market regulator told Reuters. That included a… Read more »