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All posts tagged "Naira"

Nigerian Newspapers11 years ago
IFC to issue $1bn naira bonds to fund infrastructure
The International Finance Corporation yesterday reiterated its readiness to deepen Nigerian capital markets and support private sector development in the country by raising N160bn ($ 1bn)...
Nigerian Newspapers11 years ago
CBN may review naira exchange rate
The Central Bank of Nigeria (CBN) may lower its targeted trading range for the naira as dwindling foreign-exchange reserves and falling oil prices undermine its ability...
Nigeria News11 years ago
Naira Firms On NNPC Dollar Sales
The naira firmed against the dollar on Wednesday as the Nigerian National Petroleum Corporation (NNPC) sold dollars, traders said. The naira closed at N161.1 to the...
Nigerian Newspapers11 years ago
Naira falls on dollar supply shortage
The naira fell against the dollar to its weakest in over a week on the interbank market as Central Bank of Nigeria (CBN) failed to intervene in...
Nigeria News12 years ago
IMF’s Insistence On Subsidy Removal And Naira Devaluation
By Lajuwon Lasisi The mentality of the IMF experts on Nigerian economy is always to deflate the already devaluated Nigerian currency and to increase the already...
Nigerian Newspapers12 years ago
Naira weakens at interbank
The naira eased against the greenback on the interbank market yesterday as expected dollar sales by some foreign oil companies failed to materialise, exerting pressure on...
Nigerian Newspapers12 years ago
Naira records three-day decline
The naira yesterdayslid for a third day on slumping oil prices and production will weaken the country’s foreign exchange reserves and government finances. The currency depreciated...
Nigerian Newspapers12 years ago
CBN to maintain value of Naira
The Central Bank of Nigeria (CBN) continues to intervene in the currency markets to bolster the Naira, after its recent weakening to a seven-month low of...
Nigerian Newspapers12 years ago
Naira weakens as CBN reduces dollar supplies
The naira depreciated to the lowest in almost a week as the Central Bank of Nigeria (CBN) offered fewer dollars at an auction, offsetting its decision...