Naira appreciates further as CBN clears backlog of FX 1 min read Business Naira appreciates further as CBN clears backlog of FX Spynewsmedia March 22, 2024 * Currency speculators advised to dump their Dollar holdings By Jon Egie The Nigeria currency, Naira,...Read More
Analysts project appreciation of exchange rate to N1,200/$ in 12 months 3 min read Business Analysts project appreciation of exchange rate to N1,200/$ in 12 months Spynewsmedia March 9, 2024 Agency report Goldman Sachs analysts Andrew Matheny and Bojosi Morule have projected a significant appreciation of...Read More
Nigeria economic hardship: Hope for reprieve is forlorn says IMF 3 min read Business Nigeria economic hardship: Hope for reprieve is forlorn says IMF Spynewsmedia February 22, 2024 *Warns FX may further depreciate by 35% this year * Inflation may peak at 44% *...Read More
FX traders at investor/exporter window raise concerns about intra-day lows and intra-night highs 1 min read Business FX traders at investor/exporter window raise concerns about intra-day lows and intra-night highs Spynewsmedia June 30, 2023 * Say disparity is suspicious By Jon Egie Foreign exchange traders at the official investor and...Read More
CBN lifts restriction on domiciliary account holders 1 min read Business CBN lifts restriction on domiciliary account holders Spynewsmedia June 18, 2023 By agency report The Central Bank of Nigeria (CBN) says cash deposits into domiciliary accounts will...Read More