Business News Dollar Falls Below N400/$ for the First Time in Seven Months For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar... Kingsley KanayoMarch 23, 2017
Business News CBN to Inject More Dollars Into Forex Market The Central Bank of Nigeria will this week inject more dollars into the foreign exchange market as part of efforts to improve the level... Kingsley KanayoMarch 13, 2017
Africa BLOOMBERG | Ghana’s Cedi Falls to Record Lows as Govt Struggles to Fulfil Campaign Promises Ghana’s new finance minister faces having to fulfill election pledges to spend more on education and job creation while trying to raise investor confidence... Reports | SIGNALMarch 1, 2017
Business News DISASTER | Naira Falls to N506/$ on Parallel Market The naira hit a fresh low on the black market on Friday as it was sold at N506 per dollar, as traders tested new... Oche DanielFebruary 10, 2017
Business News Nigerian Govt Blames Speculators for Forex Crisis, Insists N305/$1 is Realistic The Minister of Finance, Mrs. Kemi Adeosun, has said N305 is a realistic exchange rate of the naira to the US dollar, blaming the... Oche DanielJanuary 17, 2017
Business News DISASTER | Naira Among Four Worst Global Currencies Of 2016 The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said... Kingsley KanayoDecember 31, 2016
Business News CBN Vows to Eliminate Forex Black Market The Central Bank of Nigeria (CBN) is set to eliminate the foreign exchange black market in Africa’s biggest economy, the Minister of Finance, Mrs.... SIGNALDecember 21, 2016
Business News Naira Weakens Against the Dollar, Exchanges at N485 to $1 The Naira appears helpless in the face of efforts by the CBN and stakeholders in the Forex market in fast -tracking its recovery. The... SIGNALDecember 7, 2016
Business News Nigeria Naira at Record Black Market Low as Dollar Reserves Shrink LAGOS, Sept 22 (Reuters) – Nigeria naira hit a new record low of 436 on the black market on Thursday as dollar shortages on... Oche DanielSeptember 22, 2016
Business News REPORT | How Nigeria’s Dollar Crisis Brought Innoson Motors To Its Knees At a factory in southeast Nigeria, dozens of new white buses stand at the end of the production line, apparently ready to take on... Reports | SIGNALSeptember 12, 2016