Naira
NAIRA TENDS TO COMEBACK: N700 PER $1, EXPERTS PREDICTS.
The research firm pointed to unusually low volatility in the stock market, with the S&P 500’s current realized volatility gauge measuring at 0.8% over the last 100 days. That puts the benchmark index “solidly in bull market territory,” as the bull/bear market line has held around 1.1% since April, according to DataTrek cofounder Nicholas Colas. …
WHY NAIRA DEVALUATION IS GOOD FOR NIGERIA – RENO OMOKRI
By Deborah Osagiede Popular public figure, Reno Omokri took to his social media platform to educate Nigerians on how naira devaluation is good for the country. In his post, he stated that “Devaluation reduces imports and drives exports. It will reduce our sovereign debt and also make citizens look inward and ignite their creativity. Instead …
NAIRA TO TRADE FREELY AGAINST DOLLAR
The Central Bank of Nigeria(CBN) has reportedly grant banks freedom to trade forex at market-determined rate. In line with the President Bola Tinubu’s promise to unify the multiple exchange rate in the market, the Central Bank of Nigeria (CBN) has granted commercial banks and dealers in the forex market freedom to sell forex at a …
WE DID NOT DEVALUE THE NAIRA – CBN
The central bank of Nigeria has addressed Nigerians to disregard any information concerning the devaluation of Naira that was earlier reported. CBN posted on their Twitter page few hours after it was reported that the Naira was devalued by the Central Bank of Nigeria to N640 for a dollar, from N461.6 sold at the Importers …
CBN GOVERNOR GODWIN EMEFIELE TENURE SETS TO END
CBN Governor Godwin Emefiele Will Clear Up His Desk And Prepare To Hand Over To The Next CBN Governor by tomorrow morning. The CBN Governor’s tenure tenure expires today June 1st 2023. Although Announcement And Appointment Of A New CBN Governor By President Tinubu Would Happen Only After Emefiele Gives A Detailed Report On The …
Naira devaluation continues, exchange rate now N440 per dollar
Last week the naira rate had moved from four hundred and eight naira per dollar to four hundred and twenty naira per dollar, following the Central Bank of Nigeria’s announcement to resume forex sales to the BDCs.
