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Forex

Business and Economy

Naira depreciates further to 1,400/$ amid rising dollar demand

THE Nigerian naira depreciated further on Thursday, April 25, and was exchanged for N1,400 against the US dollar on...
Harrison EDEH -
Business and Economy

Nigeria’s external reserves’ inflows dip in February despite $1bn capital inflow

INFLOWS into Nigeria's external reserves were higher in January despite the Central Bank of Nigeria's (CBN) receipt of over...
Ehime ALEX -
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Business and Economy

FX Crisis:CBN warns Banks, NGOs not to invest in BDCs

THE Central Bank of Nigeria (CBN) has warned banks, non-governmental organisations, and government agencies not to have a stake...
Harrison EDEH -
Business and Economy

CBN forex management questioned as naira plunges further

THE Central Bank of Nigeria's (CBN) approach to foreign exchange management has been questioned as the naira continues on...
Harrison EDEH -
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Business and Economy

‘How CBN can cut-off speculators from Nigeria’s currency market’

THE Central Bank of Nigeria (CBN) can cut off speculators from the country's currency market if there is consistency...
Harrison EDEH -
Business and Economy

Why Nigeria’s forex unification must be effected with caution – Finance professor

A professor of Finance and Capital Market at the Nasarawa State University, Uche Uwaleke, has called for "cautious optimism"...
Harrison EDEH -
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