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3232New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor
https://www.digit.info/new-naira-banknotes-to-make-monetary-policy-more-effective-nigerian-central-bank-governor/
Sun, 27 Nov 2022 09:00:19 +0000https://www.digit.info/2022/11/27/new-naira-banknotes-to-make-monetary-policy-more-effective-nigerian-central-bank-governor/Read more]]>The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to the Nigerian central bank governor, Godwin Emefiele, the recently launched naira banknotes […]
]]>Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar
https://www.digit.info/forex-shortages-blamed-after-nigerian-currency-hits-new-low-versus-the-us-dollar/
Mon, 03 Oct 2022 07:30:48 +0000https://www.digit.info/2022/10/03/forex-shortages-blamed-after-nigerian-currency-hits-new-low-versus-the-us-dollar/Read more]]>A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to 750 per […]
]]>Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
https://www.digit.info/nigerian-currency-recovers-versus-us-dollar-central-bank-says-importers-must-repatriate-forex-earnings/
Sat, 06 Aug 2022 00:30:24 +0000https://www.digit.info/2022/08/06/nigerian-currency-recovers-versus-us-dollar-central-bank-says-importers-must-repatriate-forex-earnings/Read more]]>After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation. Naira Depreciation Less […]
]]>Nigerian Presidency: Vice President Yemi Osinbajo Against ‘Willy-Nilly Devaluation of the Naira’
https://www.digit.info/nigerian-presidency-vice-president-yemi-osinbajo-against-willy-nilly-devaluation-of-the-naira/
Fri, 15 Oct 2021 13:30:30 +0000https://www.digit.info/2021/10/15/nigerian-presidency-vice-president-yemi-osinbajo-against-willy-nilly-devaluation-of-the-naira/Read more]]>The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu Akande, the VP’s assistant, Osinbajo is against “a willy-nilly devaluation of […]
]]>Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service
https://www.digit.info/nigerian-central-bank-threats-force-parallel-exchange-rate-tracker-to-suspend-service/
Mon, 20 Sep 2021 10:00:47 +0000https://www.digit.info/2021/09/20/nigerian-central-bank-threats-force-parallel-exchange-rate-tracker-to-suspend-service/Read more]]>Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity of the situation,” management said on September 17, 2021. Tracking of Parallel […]
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to the Nigerian central bank governor, Godwin Emefiele, the recently launched naira banknotes […]
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to 750 per […]
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation. Naira Depreciation Less […]
The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu Akande, the VP’s assistant, Osinbajo is against “a willy-nilly devaluation of […]
Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity of the situation,” management said on September 17, 2021. Tracking of Parallel […]