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Tag: exchange rate

Emefiele: Nigeria’s FX Policy Targeted At Preserving Naira Value, Others

CBN Godwin Emefiele
Non- convertibility of currencies pose challenge for FX management, says WAIFEM DG The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said the objectives of theRead More

Rethink Your Policy On Fuel Subsidy, World Bank Tells Nigeria

President of the World Bank Group, Mr. David Malpass
Insists the rich benefit more from fuel subsidy than the poor Says barriers distorting country’s trade flows The President of the World Bank Group, Mr. David Malpass has once moreRead More

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

CBN Okays I&E Rates For PAPSS Transactions, Excludes Items Banned From Official FX

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has directed commercial banks to apply the exchange rate in the Investors and Exporters (I&E) Window for outbound payments through the Pan African PaymentsRead More

Banks’ Impairment Charges Soar By 113% To N228bn

Bank
W’Bank insists on subsidies’ removal, unified exchange rate In an apparent move to reduce the negative impact of COVID-19 on their risks assets, nine banks have significantly increased their impairmentRead More

OPS, Analysts Back CBN’s Measure To Boost Diaspora Remittances

Central Bank of Nigeria (CBN)
Members of the organised private sector (OPS) and some analysts have hailed the newly-introduced ‘Naira 4 Dollar Scheme’ of the Central Bank of Nigeria (CBN). The OPS members and theRead More

Naira Trades At N381 To 1 US Dollar – Reuters

Nigeria Naira vs the US Dollar
The Nigerian Naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchangeRead More

Dollar Exchanges For N374 At Bureau De Change

Dollar exchange rate
The exchange rate of the Nigerian Naira exchanged to the dollar is between N372 and N374 at the Bureau De Change segment of the market on Thursday, March 19th, 2020.Read More