CBN lifts Naira with $482.6m
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of 482.6 million dollars in the first trading day after the Democracy Day celebrations.
As MPC meets, forex, rates, recession top agenda
For the third time this year, the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), will be meeting today and tomorrow to reappraise the earlier decisions.
IMF and Nigeria’s shrinking economy
It is difficult to situate the International Monetary Fund (IMF) and its observation, the other day, that Nigeria’s economy is likely to contract in 2016. The IMF notes that while the economy should look better in the second half of the year...
Flexible exchange rate: Experts decry non-release of guidelines
Some capital market operators on Saturday decried the non-release of the flexible foreign exchange rate guidelines by the Central Bank of Nigeria (CBN), two weeks after the pronouncement...
Nigeria Keeps Rates On Hold, Mpc Embraces Flexibility In Foreign Exchange Market
Nigeria's central bank is adopting a flexible foreign exchange rate regime, Governor Godwin Emefiele said on Tuesday, in a policy U-turn designed to boost exports and stave off a recession in Africa's biggest economy.
Investors jostle for attractive equities ahead of flexible forex policy expectation from MPC
Amidst widespread speculation that there might be a forex policy reversal in this week meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
Reversing trend in faltering economic numbers
Nigeria’s faltering economic indices, which reached a new high in May, with inflation and first quarter 2016 Gross Domestic Product’s data tending towards recession, have stoked reactions from market analysts and operators.
For a realistic naira exchange rate
Neither the CBN rate nor the interbank rate is a realistic naira exchange rate that will bring about macroeconomic stability to catalyse productivity and inclusive economic growth.