Nigeria will end a system of multiple exchange rates that has deterred investment in its stocks and bonds, according to the head of the country’s main currency-trading platform. The central…
Read More Nigeria May End Multiple Naira Rates in Quest for Inflows
In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion from the Nigerian banking…
Read More CBN moves against Inflation, mops up N200 billion in Special OMO
Nigeria’s inflation dropped to 16.25 percent in May from 17.24 percent in April, according to the ”Consumer Price Index” for the month of May released by the National Burea of…
Read More Nigeria’s inflation rate drops again – NBS
Nigeria’s aviation industry has suffered a prolonged spell of violent turbulence. The nation’s leading carrier was recently taken over by the government to prevent it collapsing. A crumbling runway closed…
Read More Nigeria’s newest airline prepares for take off
…Investors/Exports Segment Hits $2.2BN The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the Interbank…
Read More Naira lifted Again As CBN Injects $418m