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CBN: How We Defended Naira With N2.24trn In 4th Quarter 2020

By Abiola Olawale (The New Diplomat's Southwest Bureau) The Central Bank of Nigeria on Thursday disclosed that $5.62bn (N2.24bn) was injected into the foreign exchange...
Business

Recession: Naira crashes further, Nears N500/$1 On Parallel Market

Nigeria’s national currency and unit of exchange, Naira, reportedly crashed further on Thursday by N8 against the dollar. The Naira's dramatic fall with telling effect...
Business

More Worrying Signs As Naira Falls Further To N475/$1

The ongoing Foreign Exchange, Forex scarcity took a turn for the worse on Monday as the Naira depreciated by N3 to a dollar to...

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