Tag Archives: Forex Stability

Naira Drops To N307/N At Interbank Rate – CBN

(Sundiata Finance) — The Central Bank of Nigeria (CBN) on Monday disclosed that naira for the first time weakened marginally to N307 against the dollar at the official interbank market. Traders attributed the drop to gradual move to merge its multiple exchange rates. Nigeria now has at least five exchange rate including the official one which the bank used to mask ...

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Analysts Predict Further Drop In Inflation To 15.99%

By Nse Anthony-Uko (Sundiata Finance) – A group of analysts at Financial Derivatives Company Limited (FDC) have predicted further drop in inflation to 15.99 per cent, attributing the decline to widespread ease in food commodity prices, associated with early harvest. This is coming on the heels of National Bureau of Statistic (NBS) October 17 likely releasing of Consumer Price Index ...

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CBN Goes Tough On Banks Flouting Forex Rules

Sustains Intervention With $545m By Nse Anthony-Uko ABUJA, (Sundiata Post) – The Central Bank of Nigeria (CBN) on Monday, threatened to sanction any Deposit Money Bank (DMB) breaching its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates ...

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