Tag: exchange rates

"Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices," Mr Tinubu said.

Some of the experts urged governments in the West Africa region to strengthen data systems, especially debt management information systems, ...

The Debt Management Office (DMO) also gave reasons for Nigeria's debt stock surge.

The latest payment brings the total amount disbursed to the aviation sector to $136.7 million, effectively settling all verified claims.

The currency fell both at the official and parallel markets.

The new rate is believed to be in line with the apex bank’s efforts to unify the exchange rate.

"I think some steps are beginning to be taken, but it is still quite a long way to go."

A expert said speculators take advantage of the movement of the naira to manipulate the market.

“For the CBN to hold the exchange rate band at all cost within its target band of N150-N160 to the ...