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Tag Archives: forex

ISPON indicts NOTAP, NITDA in proliferation of foreign software, killing local content

ISPON-Logo 2

Considering the surge in capital flights involved in the purchase of foreign software by Ministries, Departments and Agencies (MDAs) and telecoms companies mainly from India and China, leadership of the ...

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CBN moves more steps forward, announces sale of dollars to MAN, fuel importers, airlines

Buhari CBN

In a strategic drive to offset backlog of matured foreign exchange obligations the Central Bank of Nigeria (CBN), has announced plans to begin the sales of dollars to fuel importers, ...

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Naira over-valued by 10 to 20 percent, IMF mocks CBN, presidential economic team

imf hqs

In what can be easily interpreted as reactions to the rebuffing of its advice by the Central Bank of Nigeria (CBN), the International Monetary Fund (IMF) on Wednesday fired back, ...

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Why only dollar injection by CBN cannot stabilize the forex market—Observers

CBN emefiele 2

As the Central Bank of Nigeria (CBN) is set to pump another set of millions of dollar to the foreign exchange market between weekend and Wednesday, forex experts and development analysts ...

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CBN fast tracking naira appreciation, injects fresh $180m into forex

Naira exchange

The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar. The meaning of this is ...

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