Forex rate

Emefiele sows confusion as Naira effectively devalued

Nigeria today  abandoned its naira peg to the dollar  in favour of a flexible currency…

Hard times for bureau de change operators

Funsho Balogun Two months ago, when the Bureau de Change operators in Nigeria really began…

Naira falls N243 to US dollar in parallel market

The Naira continues to slide in the unofficial window, falling 0.

Nigeria: Stocks in record fall, Naira hits new low

Nigerian stocks fell to a more than three-month low and the naira hit another record…

CBN adjusts Naira rate to US dollar

Nigeria's central bank adjusted its exchange rate peg to 196.

It's now N198 to $1: CBN devalues Naira again

Nigeria's central bank scrapped its bi-weekly currency auctions on Wednesday and a market body said…