Nigeria’s foreign reserves have increased in recent times but the naira is still losing value in…
Tag:
foreign exchange
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Business And Money
Naira depreciates further at the official & black forex market
by samsunblogby samsunblogIn both the official and black markets, the naira depreciates for the second day in a…
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Business And Money
Naira maintains appreciation after CBN clears FX backlog
by samsunblogby samsunblogBecause of a rise in dollar supply and the Central Bank of Nigeria‘s (CBN) clearing of…
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The Nigerian foreign exchange market started the week on a high note, with the naira strengthening…
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Business And Money
Foreign Exchange: MTN Nigeria reports first loss in six years
by samsunblogby samsunblogDue to foreign exchange loss, MTN Nigeria Communications PLC reported a N137 billion loss after tax…
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Business And Money
Foreign Exchange crisis: Nigerian govt set to inject $10bn
by samsunblogby samsunblogThe federal government of Nigeria has declared its intention to raise a maximum of $10 billion…
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Business And Money
Nigerian Breweries reports net loss as economy bites harder
by samsunblogby samsunblogThe biggest brewer in Nigeria, Nigerian Breweries Plc (NB), announced a N106 billion ($235 million) net…
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Business And Money
USD increases as Nigeria Central Bank moves to adjust Forex
by samsunblogby samsunblogFollowing the announcement by the Central Bank of Nigeria of a number of steps aimed at…