Friday, March 5, 2021
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Tag "naira"

Nigeria’s gradual road to economic recovery

    Nigeria’s gradual road to economic recovery

Africa’s largest economy has displayed resilience over the past few months. From defending against the COVID-19 menace to battling untamed inflation and shouldering domestic risks. Initially, the economic outlook was

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Zainab Ahmed: Unifying exchange rate won’t happen overnight

    Zainab Ahmed: Unifying exchange rate won’t happen overnight

Zainab Ahmed, minister of finance, budget and national planning, says unifying the exchange rate will not occur overnight.  She was speaking during the maiden edition of state house briefing at

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IMF advises Nigeria to raise VAT to 10% by 2022

    IMF advises Nigeria to raise VAT to 10% by 2022

The International Monetary Fund (IMF) has advised the federal government to raise value-added tax to at least 10 percent by 2022. In a country focus article published on Monday, the

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Rewane: Official exchange rate may depreciate to N420/$ in 2021

    Rewane: Official exchange rate may depreciate to N420/$ in 2021

Bismarck Rewane, managing director of Financial Derivatives Company, has projected that the naira will depreciate to N420 against the dollar on the official window by the end of 2021. Rewane

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Naira trades at N410/$ in I&E window

  Naira trades at N410/$ in I&E window

The naira on Thursday traded at N410 per dollar in the import and export (I&E) window against the previous rate

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CBN: Firms expect naira to depreciate further in January

  CBN: Firms expect naira to depreciate further in January

Firms expect the naira to fall deeper in January 2021, according to a new report by the Central Bank of

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Nigeria needs more currency reform to access $1.5bn loan, says World Bank director

  Nigeria needs more currency reform to access $1.5bn loan, says World Bank director

Shubham Chaudhuri, World Bank country director for Nigeria, says Nigeria needs more monetary reform in order to access $1.5 billion

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Naira steady as oil output slips and remittances fall

  Naira steady as oil output slips and remittances fall

After hitting a four year low on Monday, the naira has staged a minor rebound due to a broadly weaker

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Naira reverses loss, trades at N470/$ after new CBN policy

  Naira reverses loss, trades at N470/$ after new CBN policy

For the second consecutive day, the naira has firmed up against the dollar. It is currently trading at N470 to

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Naira appreciates at N490/$1 in parallel market after new CBN policy

  Naira appreciates at N490/$1 in parallel market after new CBN policy

The naira, on Tuesday, appreciated by 2 percent at N490 per dollar in the parallel market, but weakened by 1

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