The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the […]

Nigerian banks are fast running out of dollars to continue settling their foreign counterpart banks who undertake payments for transactions done overseas by Nigerian naira debit and credit cardholders. As a result of the development, some banks have imposed daily limits on the amount of money (in dollars) naira debit […]

Wed Aug 12, 2015/Reuters Aug 12 Nigeria plans to raise 62.43 billion naira ($315 million) in Treasury bills of 3-month and 6-month tenor on Aug. 20, the central bank said on Wednesday. The bank said in a statement it will raise 32.43 billion naira worth in the 3-month paper and […]