CBN alone can’t resolve instability of naira with momentary dollar injections—Experts
Even though the Central Bank of Nigeria (CBN) had in the last couple of months been struggling to remain naira afloat, development economists and finance pundits are convinced that at some point, the apex bank will become weak and the…
Naira firms up, recovers after days of depreciation, anxiety
Nigerian Naira on Tuesday rebounded with strength forcing US dollars down, a move towards convergence of rates between interbank and parallel markets. Yesterday, naira traded between N380 (buying rate), and N390 (selling rate) stronger than N395 recorded on Monday, while…
