Why Nigerians do not care about the World Bank's forecast - Ventures Africa

If you ask an average Nigerian now what the meaning of recession is, the regular response you get is that it is that they heard it from the news. They hardly understand the meaning of what the global community has used to determine whether an economy ...

No Plan to Devalue Naira, CBN to BDCs - Nigeria Today

The President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, says the Central Bank of Nigeria has told its members that it does not intend to devalue the naira. Got something awesome to share with the world? Click here to share.

Nigeria naira falls to nearly 500 per dollar on unapproved open market-traders - Reuters Africa

LAGOS Jan 13 (Reuters) - The Nigerian naira fell close to 500 against the dollar on the unapproved open retail market due to dollar shortages on Friday as retail currency operators set their quotes for dollar purchases at 399 for next week, traders said.

Naira stays low against dollar, pound in parallel market - NAIJ.COM

The Nigerian Naira on Friday afternoon, January 13, stayed unchanged against the major foreign currencies at the parallel market. Recall that the Naira yesterday, edged closer to a landmark 500 units per dollar as it dropped N3 to trade at N495 to the ...

CBN to resume dollar sales to BDCs next week - TV360

The Central Bank of Nigeria, CBN, says it will resume sales of dollar proceeds of international money transfer (IMT) to bureaux de change (BDC) operators from next week. CBN Governor, Godwin Emefiele, said this during a meeting with executives of ...

CBN to BDCs: We Won't Devalue Naira - Trailblazers Ng (blog)

The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators it does not intend to devalue the naira and will support it at current levels, especially with a recent rise in oil prices, the head of their association said on Thursday ...